Investor skepticism prompts WeWork to postpone its IPO

Justin Ho Sep 17, 2019
HTML EMBED:
COPY
A WeWork space in the Williamsburg neighborhood in Brooklyn, New York City, in March. Spencer Platt/Getty Images

Investor skepticism prompts WeWork to postpone its IPO

Justin Ho Sep 17, 2019
A WeWork space in the Williamsburg neighborhood in Brooklyn, New York City, in March. Spencer Platt/Getty Images
HTML EMBED:
COPY

WeWork has put its plans to go public on hold. The shared-office-space company pulled the plug on its initial public offering less than two weeks before its shares were likely to hit the market. Given all the skeptical headlines about WeWork while it was getting ready for its IPO — along with the struggling share prices of Uber and Lyft since they went public — investors are starting to get a little more cautious when it comes to IPO investing.

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.