WeWork’s potential IPO appears to be in free-fall—and it could could “take the air” out of the stock market as a whole
set to drop below $15 billion—a major haircut for investors after an earlier private market valuation as high as $47 billion. According to CNBC, analysts now expect WeWork could land with a market capitalization as low as $10 billion or $12 billion, reflecting Wall Street skepticism surrounding the finances and governance of the office-rental start-up.Adam Neumann.
But it could also be a shock to the larger financial ecosystem that could “take the air” out of the stock market as a whole. “Stop the WeWork deal,” CNBC’sWeWork was the country’s
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