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IT

WeWork withdraws registration of IPO

Tuesday 1 October 2019 | 09:57 CET | News
WeWork has withdrawn the registration of its initial public offering, originally filed to the US Securities and Exchange Commission on 14 August. Co-CEOs Artie Minson and Sebastian Gunningham said they are postponing the IPO to focus on the company's core business, the fundamentals of which "remain strong." The co-CEOs added that they still intend to operate WeWork as a public company and look forward to revisiting the public equity markets in the future.

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Categories: IT
Companies: Softbank
Countries: World
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