WeWork Has Officially Pulled Their IPO Plans The widely expected development
was announced on Monday by
company co-CEOs Artie Minson
and Sebastian Gunningham. It follows the high-profile
departure of WeWork
co-founder Adam Neumann. Artie Minson, Sebastian Gunningham, WeWork Co-CEOs, via 'Forbes' WeWork parent company,
the We Company, will continue
to seek an initial public offering (IPO)
by the end of the year. WeWork Management, via 'Forbes' WeWork's initial IPO valuation
came in well under shareholder
investment at $10 billion. The company's largest
shareholder, Softbank, had
invested $47 billion alone
in the workspace company. The WeWork CEOs are
attempting to save the company
by raising funds and cutting costs.
