adam neumann

SoftBank, WeWork’s largest outside shareholder, is urging the office-space subleasing company to pause its embattled IPO process following a chilly reception from would-be investors, reports the Financial Times’ Eric Platt and James Fontanella-Khan.

The news comes just days after WeWork — which technically rebranded itself the We Company earlier this year — reportedly slashed its projected public-market valuation in half, ahead of what was slated to be one of the higher-profile public offerings this year.

WeWork did not immediately respond to a request for comment.

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Source:: Businessinsider – Finance

      

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