Investor skepticism prompts WeWork to postpone its IPOReading Time: 1 minute
“WeWork has put its plans to go public on hold. The shared-office-space company pulled the plug on its initial public offering less than two weeks before its shares were likely to hit the market.
Given all the skeptical headlines about WeWork while it was getting ready for its IPO — along with the struggling share prices of Uber and Lyft since they went public — investors are starting to get a little more cautious when it comes to IPO investing,” writes Marketplace.
Cordell Eminent Scholar Jay Ritter comments on WeWork’s value in its now postponed IPO. Listen to what Ritter has to say about WeWork’s IPO in this news from Marketplace.