WeWork’s parent company, which was expected to kick off its IPO roadshow this week and go public as soon as next week, is now expected to delay its initial public offering until at least October, the Wall Street Journal reported Monday. Investors have reportedly worried about the company’s value and corporate governance. Last week, the We Co. pledged to make sweeping changes to its governance to address investors’ concerns. Other reports last week said that SoftBank Group Co., the company’s biggest investor, urged it to shelve the IPO amid reports that WeWork’s valuation would be reduced to $20 billion or less, a far cry from the $47 billion it was valued at last year after a funding round.
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