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

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...