WeWork’s stock market debut – one of the most hotly anticipated financial events of the year – is in doubt.

SoftBank, the Japanese investment firm that owns about 30% WeWork, has reportedly urged the property company to drop its flotation plans.

The pressure follows signs that outside investors do not value the much-hyped firm as highly as SoftBank did when it invested last year.

SoftBank had valued WeWork at about $47bn (£38bn).

But an upcoming share offering could put the firm’s worth below $20bn, as investors question WeWork’s opaque corporate structure, governance and profitability.

Is WeWork really worth nearly $50bn?

A lower valuation would be a blow to SoftBank, forcing it to write-down its investment. The Financial Times said SoftBank was worried that a low price would affect its other fundraising

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