IPO flops and non-starters show investor vigilance, billionaire Howard Marks says
WeWork abandoned plans for an IPO in September as investors questioned the its growing losses, business model and corporate governance
27 November 2019 - 17:07
Tokyo — WeWork's failure to go public and 2019's disappointing tech initial public offerings (IPOs) in the US are a positive sign of market discipline and investor vigilance, Oaktree Capital's billionaire co-chair Howard Marks said.
WeWork abandoned plans for an IPO on September 30 as investors questioned the office-sharing start-up’s growing losses, its business model and corporate governance...
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