WeWork share price drops after it postpones IPO

[Jamie McKane]

WeWork share price drops after it postpones IPO

WeWork pushed back its much-awaited initial public offering as the company seeks more time to allay investor doubts over its governance, slashed valuation and business prospects.

The offering is likely to be postponed until at least October, people familiar with the matter said Monday. The office-rental unicorn had planned to begin making its pitch to investors in a roadshow as soon as this week.

[Bloomberg]

 

[Happy Days]

There's nothing in the article about the WeWork share price dropping or plummeting

 

[BBSA]

There's nothing in the article about the WeWork share price dropping or plummeting

Their shares is not even listed.

 

[Nom Chompsky]

There's nothing in the article about the WeWork share price dropping or plummeting

How can their (public) share price rise or drop if they haven't listed yet?

By the way, don't invest in WeWork. Read thoroughly about their business - it's a disaster, with huge corporate governance concerns. There is also a concern that their liabilities are long-term but revenue only short-term.

 

[Happy Days]

Their shares is not even listed.

My point exactly!

How can their (public) share price rise or drop if they haven't listed yet?

By the way, don't invest in WeWork. Read thoroughly about their business - it's a disaster, with huge corporate governance concerns. There is also a concern that their liabilities are long-term but revenue only short-term.

Agreed. Although, Masayoshi Son doesn't often get it wrong!

 

[d0b33]

 

[krycor]

They got problems.. it’s just debt no matter how u look at it

 

[BBSA]

They are burning cash as if there is no tomorrow. That is why they needed the IPO so desperately.