Companies looking to go public typically do their utmost to prevent the emergence of major red flags or de - emphasise any that might already exist . WeWork seems to be taking a contrary stance as it prepares to IPO seeking the same heady $ 47bn valuation attributed to it ’s most recent investment , according to Guru Focus ’ John Smith . Even before it revealed plans to go public , WeWork had an impressive collection of black marks to its name including a shaky business model , which has yet to prove its sustainability . Engle said that WeWork is inevitably poised for a dramatic fall from grace citing a preposterously high valuation and that investors should consider shorting the stock rather than investing in the IPO .
Companies preparing to go public typically do their utmost to prevent the emergence of major red flags or de-emphasise any that might already exist. WeWork seems to be taking a contrary stance as it prepares to IPO seeking the same heady $47bn valuation attributed to SoftBank’s most recent investment, according to Guru Focus’ John Engle. Even before it revealed plans to go public, WeWork had an impressive collection of black marks to its name including a shaky business model, which has yet to prove its sustainability. Engle said that WeWork is inevitably poised for a dramatic fall from grace citing a preposterously high valuation and that investors should consider shorting the stock rather than investing in the IPO.