The Japanese investor that has pumped $10 billion into Wework is demanding that the shared offices provider postpone its planned stock market float.
The property group, which is losing $5 million a day, has been preparing to go public over the next few weeks at a mooted valuation of nearly $50 billion. However, institutional shareholders balked at the stratospheric rating and the perceived governance shortcomings at We Company, Wework’s parent, and are insisting on a steep discount.
The Japanese investor that has pumped $10 billion into Wework is demanding that the shared offices provider postpone its planned stock market float.
The property group, which is losing $5 million a day, has been preparing to go public over the next few weeks at a mooted valuation of nearly $50 billion. However, institutional shareholders balked at the stratospheric rating and the perceived governance shortcomings at We Company, Wework’s parent, and are insisting on a steep discount.
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