WeWork throws in the towel on ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its ...

FILE PHOTO: A man enters a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo

WeWork’s decision to pull its IPO was widely expected after the company postponed the share sale earlier in September, following push-back from perspective stock market investors over its widening losses and Neumann’s unusually firm grip on the company. “We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” Minson and Gunningham added.

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