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Uber's IPO Debacle Raises Hairy Questions for WeWork
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A nightmarish debut by Uber Technologies Inc. complicates listing plans at other tech unicorns, particularly the breed of large-cap tech companies that counts WeWork Cos. as a member.
Traders have made clear that IPOs by large, hyper-capitalized technology companies with opaque fundamentals and massive losses will face scrutiny. That’s the big lesson from Lyft Inc. and Uber’s disappointing debuts, according to a research firm that focuses on tech listings.