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WeWork Postpones Long-Awaited IPO, Sending Its Bonds Falling

Company had planned to start roadshow as soon as this week
Workspace provider now aims to complete IPO by year-end

Bloomberg’s Pavel Alpeyev reports on the possible delay of the WeWork IPO.(Source: Bloomberg)

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By Gillian Tan, Liana Baker, and Michelle F Davis

September 16, 2019 at 11:34 PM UTC

Updated on

September 17, 2019 at 4:03 PM UTC

This article is for subscribers only.

WeWork pushed back its much-awaited initial public offering as the company seeks more time to allay investor doubts over its governance, slashed valuation and business prospects.

The offering is likely to be postponed until at least October, people familiar with the matter said Monday. The office-rental unicorn had planned to begin making its pitch to investors in a roadshow as soon as this week.