WeWork Is Likely to Postpone Public Offering Until 2020

WeWork will likely postpone its initial public offering until next year, after co-founder Adam Neumann stepped down as chief executive officer, according to people familiar with the matter.

The latest delay follows the tumult over Neumann’s handling of the company’s IPO plans made public in August that expanded to include doubts about his leadership. He stepped down as CEO Tuesday and will take a new role as non-executive chairman, the company said.