WeWork's IPO Stumbles Serve As Wake-Up Call For Unicorns
Law360 (September 17, 2019, 9:58 PM EDT) -- WeWork's delayed initial public offering should serve to restrain expectations for unprofitable startups with high valuations and corporate governance practices that some investors find objectionable, experts said Tuesday.
WeWork, which was last privately valued at $47 billion but is reportedly considering going public for far less, has delayed plans for its initial public offering. (Getty)
WeWork, which filed IPO paperwork in August and was eligible to begin marketing its offering and price its deal this month, said late Monday that it still expects to complete its IPO before the end of 2019. WeWork issued the statement following a Wall Street Journal...
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