Breakingviews TV: Not WeWorking

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Breakingviews TV: Not WeWorking
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Watch: WeWork is postponing its IPO and might be worth even less than $10 billion. But the company needs the money from the IPO to keep growing, creating a circularity that’ll be difficult to escape, says LiamWardProud.

The We Company is delaying its initial public offering, as its likely valuation has declined from $47 billion to $10 billion, per news reports. Without growth, the WeWork business might be worth even less, Liam Proud says. But WeWork without an IPO may not last long, either.

The We Company is delaying its initial public offering, as its likely valuation has declined from $47 billion to $10 billion, per news reports. Without growth, the WeWork business might be worth even less, Liam Proud says. But WeWork without an IPO may not last long, either.https://reut.rs/2Icpib3

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