NEW YORK -- The parent of shared-workspace provider WeWork has decided to delay its planned initial public offering amid lukewarm response from Wall Street investors, delivering a blow to the investment strategy of SoftBank Group.
We Company has failed to win over investors, who remain skeptical about the company's business model and corporate governance. The startup was working with JPMorgan Chase and Goldman Sachs, the main underwriters for the planned IPO, for a market debut in September.
