Farewell WeWork IPO, we hardly knew ye
What do you think will happen to the company now that they've shelved the IPO and their bond prices have taken a dive? Will this IPO happen in the foreseeable future? What has to change about the company structure?
From what I understand, the main obstacle were corporate governance concerns relating to Neumann's control.
What does WeWork's future look like from here?
The future for Neumann remains bright. No governance is required if you remain private.
The future is bright for Neumann not because he can keep WeWork private forever (they burn about $200k / hour), but because he's already sold enough stock to make him fantastically wealthy even if the company itself goes to zero.
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