WeWork overhauls board to push IPO

Jamie McKane

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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.

[Bloomberg]
 
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