NewsBreak: WeWork Withdraws IPO Filing

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© Reuters. © Reuters. – WeWork will formally withdrawn its IPO filing, the company said on Monday, as it looks to get its house in order before going public.

  • The company first announced it was going public on August 14 and has been faced with multiple questions about its corporate structure and losses.
    • Co-founder and CEO Adam Neumann stepped down on Tuesday and said he would give up some of his voting power in an attempt to ease concerns of potential investors.
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