The postponement of the We Company’s IPO is likely to result in plans to acquire a majority stake in the firm's Indian affiliate being delayed until next year, according to livemint, citing two people familiar with the matter. In its filing, Livemint said that it had been informed by Goldman Sachs and Morgan Stanley that they would not be able to complete their due diligence on the company before the IPO.
The postponement of the We Company’s IPO is likely to result in plans to acquire a majority stake in the firm's Indian affiliate being delayed until next year, according to livemint, citing two people familiar with the matter. Earlier this year, WeWork’s parent offered to buy a 70% stake in WeWork India from Embassy Group in a cash and stock deal that valued the company at $2.75bn.