WeWork overhauls board to push IPO

Jamie McKane

MyBroadband Journalist
Staff member
Super Moderator
Mar 2, 2016
WeWork overhauls board to push IPO

WeWork announced a series of governance changes to assuage investor concerns as it pushes ahead with its embattled listing on Nasdaq.

The company will change its high-vote stock from 20 votes to 10 votes a share, and no member of co-founder’s Adam Neumann’s family will sit on the board, it said in an updated prospectus Friday.