Investors are worried about the office space provider's path to profitability and CEO Adam Neumann's grip on the company.
WeWork could slash the valuation it seeks as a public company to below $20 billion, or even postpone its IPO, according to the Wall Street Journal. The proposed cut comes days after the Journal reported the shared office-space company was considering an IPO at about $20 billion — already less than half of the $47 billion private valuation it secured earlier this year. WeWork has faced growing skepticism about its path to profitability and CEO Adam Neumann.
WeWork could slash the valuation it seeks as a public company to below $20 billion, or even postpone its IPO, according to the Wall Street Journal. The proposed cut comes days after the Journal reported the shared office-space company was considering an IPO at about $20 billion — already less than half of the $47 billion private valuation it secured earlier this year. WeWork has faced growing skepticism about its path to profitability and CEO Adam Neumann.
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