Citation
WeWork IPO Withdrawal
TL;DR
WeWork withdrew S-1 filing and postponed IPO on September 17, 2019
The September 17, 2019 IPO withdrawal marked the moment when public markets refused to provide the capital needed to sustain WeWork's operating temperature. Without access to new fuel, the company was forced into emergency cooling - but the thermal damage was already done.
Key Findings from Wikipedia & Britannica (2019)
- WeWork withdrew S-1 filing and postponed IPO on September 17, 2019
- Public markets rejected the business model's thermodynamics
- Triggered forced emergency cooling measures