INSUBCONTINENT EXCLUSIVE:
The We Company, beleaguered parent of the short-term real estate property management and development company WeWork and other We-related
been hampered by questions about its corporate governance and the ultimate value of a company that private investors, through multiple
rounds of funding, once thought was worth nearly $50 billion.But under the scrutinizing spotlight of the IPO process, investors have been
and co-founder, Adam Neumann, according to The Wall Street Journal, which first reported the news that The We Company would put its offering
The company unwound some particularly egregious transactions with Neumann and added new directors
independent lead director
It also slashed the strength of Class B and Class C shares so Neumann would not have 20 times the voting power of other shareholders, and
And then SoftBank, to shore up the IPO value, reportedly was prepared to buy at least $750 million in additional shares in the process.But
eve all these drastic steps were not enough to comfort Wall Street investors
the We Company delaying its listing, and with Uber and Lyft solidly underperforming in their first year as public companies, we may finally
be reaching a long-awaited moment of reckoning.After years of rapid value growth in the tech world, spurred in part by venture capital
