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WeWork is reportedly considering big governance changes in order to rescue its flailing IPO

5 monthes ago   |   By Business Insider

WeWork is considering making major changes to its governance to boost its appeal to investors ahead of its planned initial public offering, Bloomberg reported.
The company has already made a few changes such as adding a woman to the board. It's unclear what else the company might change, according to Bloomberg.
WeWork's has seen its projected valuation cut from $47 billion to less than $20 billion due to a lack of interest from investors.
Softbank, WeWork's largest outside shareholder, asked the company to delay its IPO process and could face a multi-billion-dollar write-down if the...
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WeWork's Latest Idea to Save Its Troubled IPO: Major Governance Changes

WeWork's Latest Idea to Save Its Troubled IPO: Major Governance Changes

5 monthes ago   |   By Fortune

WeWork is considering major changes to governance to assuage investor concerns ahead of an initial public offering this month that's even given pause to some of its own bankers, according to people with knowledge of the situation.
Both of its lead financial advisers - JPMorgan Chase & Co. and Goldman Sachs Group Inc. - have concerns about proceeding with an IPO that could value the company as low as $15 billion, the people said, asking not to be identified because the talks are confidential. That's set off a push to make the public sale more palatable to potential investors with governance...
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