WeWork's biggest outside shareholder, SoftBank, is reportedly asking for the IPO to be put on hold because investors don't seem interested

adam neumann

SoftBank, WeWork's largest outside shareholder, is urging the office-space subleasing company to pause its embattled IPO process following a chilly reception from would-be investors, reports the Financial Times' Eric Platt and James Fontanella-Khan.

The news comes just days after WeWork - which technically rebranded itself the We Company earlier this year - reportedly slashed its projected public-market valuation in half, ahead of what was slated to be one of the higher-profile public offerings this year.

WeWork did not immediately respond to a request for comment.

This story is developing...


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