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Detour on the road to WeWork IPO

Detour on the road to WeWork IPO

ECONOMIC NEWS

Detour on the road to WeWork IPO

WeWork is pushing back its public debut with investor confidence in the office share company once valued at around $47 billion appearing to grow shaky.

Wall Street had expected WeWork to begin a road show to market its shares as early as next week. The company said recently that those shares would be listed on the Nasdaq.

In a blistering hot year for IPO, the New York company appears to be having difficulty generating investor enthusiasm.

WeWork lost $1.61 billion last year while bringing in $1.82 billion in revenue.

In a prepared statement, the company said it expects to go public by the end of the year.


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