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Wework Ipo: the Ipo that never was

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WeWork was a start-up venture founded by Adam Neumann and Miguel McKelvey in 2010. Both were advocates of the potentiality of human productivity and creativity while living in a community. Hence, they wanted to transform the way people worked, by offering to entrepreneurs a coworking space, embedded in technology. Adam attracted the intention of prestigious investors, most notoriously Masayoshi Son. After spending more than $10 billion, the unicorn was valued at $47 billion. However, after the release of the S-1 Form, investors were skeptical of the business financial sustainability and the lack of proper governance within WeWork.

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Wework Corporate governance Venture valuation Funding

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Licença CC