WeWork was supposed to be one of the most high-profile Wall Street debuts of the year. But its turbulent journey — and the flurry of changes announced in recent weeks — could prove to be a reality check for the wider startup industry.
New York WeWork was supposed to be one of the most high-profile Wall Street debuts of the year. Instead, it's rapidly shaping up to be one of the most high-profile IPO debacles in recent memory.
In the month since WeWork's parent company first publicly filed paperwork for an IPO, it has attempted to defuse investor concerns and outside criticisms by promising to add new board members, announcing an overhaul of its corporate governance structure and having its CEO repay millions for a trademark he had sold to his own business.
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