WeWork Fiasco, Peloton Flop Endanger Unicorns Hoping For Big IPOs

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Airbnb could meet gloomy, uncertain environment in 2020

Peloton signage is displayed during the company's IPO in New York on Sept. 26. — Peloton signage is displayed during the company's IPO in New York on Sept. 26.
Photographer: Michael Nagle/Bloomberg

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By Crystal Tse and Michael Hytha

September 27, 2019 at 9:50 PM UTC

Updated on

September 28, 2019 at 9:59 PM UTC

This article is for subscribers only.

WeWork, Peloton, Endeavor, Poshmark and more just got the message: It’s not a great time to go public.

Disappointing initial public offerings and unsettled economic conditions could shut down many IPOs for the rest of the year -- and maybe well into 2020, when the next batch of marquee IPO candidates like Airbnb could meet an even gloomier market and geopolitical environment.