WeWork’s parent company has chosen to list its shares on Nasdaq and outlined sweeping changes in its governance as the shared-workspace provider speeds up preparations for its hotly anticipated initial public offering in the face of tepid interest from investors. The moves are part of a plan by We Co., as the company is officially known, to begin officially marketing the shares to investors next week ahead of a trading debut the week of Sept. 23, people familiar with the matter said. ...
We plans to make significant changes to its governance as it prepares to begin its IPO roadshow next week. The co-working company has reportedly chosen to list its shares on Nasdaq and the trading debut is scheduled for the week of 23 September. A preliminary price range is expected to be set next week and could slip below $20bn.