SoftBank reportedly asks WeWork to shelve IPO

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SoftBank reportedly asks WeWork to shelve IPO
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SoftBank, WeWork's biggest outside investor, is urging the startup to shelve its initial public offering, according to a Monday report from the Financial Times.

WeWork advisors are still evaluating investor appetite for an IPO valuation between $15 billion and $20 billion, according to the Financial Times.

SoftBank, WeWork's biggest outside investor, is urging the startup to shelve its initial public offering, according to a MondayThe We Co., as the co-working company is formally called, had been in discussions with SoftBank and other shareholders and advisors about whether or not to move ahead with its IPO, CNBC

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