WeWork withdrawing its stock market IPO filing
By Alexandra Olson and Stan Choe, The Associated Press
WeWork’s new leaders formally suspended a planned stock market debut Monday, as they seek to repair the battered image of a company that appeared to revolutionize the office-rental industry and was poised just weeks ago to go public with a value of nearly $50 billion.
WeWork said it will withdraw regulatory filings announcing an initial public offering, which drew tepid interest from potential investors concerned about the company&rsqu
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