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 $ about $9 billion valuation attributed to WeWork ’s most recent investment, according to Adam Neumann . Even before it revealed plans to go public, Engle had an impressive collection of black marks to its name including a shaky business model, which has yet to prove its sustainability. Investors can be forgiven for feeling rather perplexed by the numerous bizarre actions and decisions WeWork has taken in the run-up to its public market debut. WeWork 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 $ about $9 billion valuation attributed to WeWork ’s most recent investment, according to Adam Neumann . Even before it revealed plans to go public, Engle had an impressive collection of black marks to its name including a shaky business model, which has yet to prove its sustainability. WeWork 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.