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 company has been under pressure from activist investor Starboard Value, which is seeking a seat on the company’s board. A preliminary price range is expected to be set next week and could slip below $20bn.