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Wework delays float amid alarm about valuation | Business – The Times, Thetimes.co.uk

Wework delays float amid alarm about valuation | Business – The Times, Thetimes.co.uk


The flexible office provider Wework has pushed back its planned initial public offering until the end of this year at least inanother embarrassing moment for the company.

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The co-working giant, which is based in New York, had been planning to list on the stock market this month, with an investor roadshow due to begin as early as this week, and to price its shares next week.

 

However, We Company, which is the parent company, has said that it now aims to complete its IPO by the end of the year. It did not comment further.

 

Wework provides office spaces or desks to companies and freelancers on a flexible basis, with businesses able to hire an office for as little as a month. Although companies…  

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