IPO not working out so well for WeWork CEO
Company the poster child for bubble in venture capital fundraising
15 September 2019 - 17:02
New York — Adam Neumann showed he can capitalise on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47bn valuation.
Yet his plans to take WeWork’s corporate parent We Company public have backfired, as his company becomes the poster child for a bubble in venture capital fundraising that has pushed some start-ups to unsustainable valuations...
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