WeWork shelves IPO for now under new leadership

WeWork is postponing its IPO indefinitely.

The flexible office company still plans to operate as a public company in the future, its co-CEOs said in a Monday statement.

Co-CEOs Artie Minson and Sebastian Gunningham said, "We have decided to postpone our IPO to focus on our core business, the fundamentals of which remain strong. We are as committed as ever to serving our members, enterprise customers, landlord partners, employees and shareholders. We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future."

More to come

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