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WeWork delays IPO after frosty investor response: All you need to know

The US office-sharing start-up was getting ready to launch an investor road show for its IPO this week, before making the last-minute decision on Monday to stand down

WeWork office
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WeWork office

Joshua Franklin & Anirban Sen | Reuters New York/Bengaluru
WeWork owner The We Company has postponed its initial public offering (IPO), walking away from preparations to launch it this month following lacklustre response from investors to its plans.
 
The US office-sharing start-up was getting ready to launch an investor road show for its IPO this week, before making the last-minute decision on Monday to stand down, people familiar with the matter said. The company has been under pressure to proceed with the stock market flotation to secure funding for its operations.
 
In the run-up to the IPO launch, We Company has faced concerns over its corporate governance