WeWork withdrawing its stock market IPO filing

By The Associated Press

Posted Sep 30, 2019 12:16:03 PM.

This article is more than 5 years old.

NEW YORK — WeWork says it is withdrawing its initial public offering less than a week after its controversial CEO stepped aside from the troubled company.

The office-sharing company announced Monday that it will withdraw the Aug. 14 regulatory filing detailing plans for an IPO.

WeWork’s new co-chief executive officers, Artie Minson and Sebastian Gunningham, said in a statement that, “We have decided to postpone our IPO to focus on our core business, the fundamentals of which remain strong.”

The Associated Press

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