Tag Archives: we company stock

The We Company, WeWork’s parent company, has officially moved to withdraw its S-1 filing, with the intention of postponing its earlier announced and widely talked about initial public offering (IPO). The company’s intention to go public was initially announced on the 14th of August but has gotten a lot of backlash since then, especially because of the company’s governance structure.WeWork has been consistently criticized for not just its governance structure, but also the company’s staggering...

The owner of office space company WeWork burned through $900m in the first six months of this year and documents filed with regulators reveal The We Company, valued at about $47bn, invested heavily in expansion. Because of these losses, SoftBank, the biggest external shareholder in WeWork, advised this property group to delay its hotly anticipated initial public offering.Just for reminder, WeWork’s parent company, the We Company, wants to raise between $3 and $4 billion in its flotation....