WeWork’s failed IPO shows that tech startups can no longer take the inflated valuations road

WeWork has undergone a dramatic fall from grace in the last few weeks. Just two months ago the office rental start-up was expecting to offer shares to the public at a total business valuation of $47 billion. This soon halved and then investors rapidly pulled their support for an initial public offering above $12 billion. The IPO was withdrawn with catastrophic consequences for the business and its charismatic founder Adam Neumann.

The fallout for tech IPO markets and investment in…


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