WeWork just announced a Nasdaq listing and fresh limits on CEO Adam Neumann
- WeWork has announced it will list its shares on the Nasdaq index.
- The coworking startup, which is battling concerns over its path to profitability and governance, also revealed new constraints on cofounder and CEO Adam Neumann.
- The company revealed the changes in an amended SEC filing.
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WeWork has announced it will list its shares on the Nasdaq index and revealed fresh limits on its cofounder and CEO Adam Neumann.
The coworking startup has chosen the tech-heavy stock index to host its hotly anticipated IPO. Under pressure to improve its governance, the company also stated that none of Neumann's family members will sit on its board, and Neumann will pay back any profits he makes from his real estate deals with his company.The company revealed the changes in an amended S-1 filing with the Securities and Exchange commission.