The We Company ’s S-1 lacks information about its financials according to Triton , CEO of Triton Research . The We Company said “the prospectus is a masterpiece of obfuscation” adding that if the figures were encouraging there would be no need to be so opaque. S-1 The problems stem from the fact that WeWork doesn't disclose the dates of when any of its locations opened, which is vital if you have read Nick's WeWork IPO piece linked above. uses what it calls an obfuscation index to evaluate companies that are preparing to list, which it claims has a very good record. Based on how straight-forward firms present their financials in their Triton , Triton found Elastic NV and Smartsheet , which are up an average of 92% from their IPO, scored highly on the index.
The We Company ’s S-1 lacks information about its financials according to Triton , CEO of Triton Research . The We Company said “the prospectus is a masterpiece of obfuscation” adding that if the figures were encouraging there would be no need to be so opaque. S-1 uses what it calls an obfuscation index to evaluate companies that are preparing to list, which it claims has a very good record. Based on how straight-forward firms present their financials in their Triton , Triton found Elastic NV and Smartsheet , which are up an average of 92% from their IPO, scored highly on the index.