WeWork’s public meltdown blurs Vision Fund

By David Rothnie
26 Sep 2019

The postponed listing of the We Company, owner of office provider WeWork, shows that IPO investors are disciplined in their search for growth stories. Banks should recalibrate their relationships with private capital providers, says David Rothnie.

“SoftBank’s Vision Fund has replaced the IPO,” went the joke in Silicon Valley in reference to the investment firm’s arrival overnight as the world’s biggest technology investor. Now with WeWork — one of its biggest portfolio companies — pulling its listing after failing to convince investors to match ...

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