By Vin Narayanan It’s time for us to talk about WeWork. As you may have heard, WeWork’s IPO is in a bit of trouble. This week, it officially postponed its IPO (MarketWatch). But WeWork insists that the IPO will take place this year. That’s because WeWork needs to IPO in 2019 in order to access a $6 billion credit facility that expires at the end of the year (CNBC).
Investors are more than willing to invest in companies going public. Beyond Meat, Zoom and CrowdStrike did extremely well. Cloudflare and Chewy did well too. So WeWork can’t blame “the environment” for the poor response …read more
