By David Parsley2019-09-10T07:48:00
SoftBank, the biggest external shareholder in WeWork, has urged the lossmaking flexible office giant to shelve its hotly anticipated New York listing after it received a cool reception from investors, according to The Financial Times.
The We Company, WeWork’s parent company, has been attempting to raise between $3bn (£2.43bn) and $4bn in its flotation. But it has faced criticism from investors and analysts on Wall Street over its governance, payments made to co-founder and chief executive Adam Neumann and its use of a complicated corporate structure.
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