Unicorn Startups: Wework Advisers

unicorn startups: In the span of a few months, WeWork has gone from one of America's most valuable unicorn startups to a punchline in investment circles, according to The Japan Times. Early this year, Goldman Sachs Group Inc. pitched WeWork as a 65 billion business. Soft Bank is pressing WeWork to postpone the stock offering after investors expressed serious concerns about the business and its corporate governance, said the sources, who asked not to be identified because the discussions are private. ; WeWork, which owns or leases office space and then rents it to companies typically needing short-term space, had planned to hold a roadshow to promote the offering as soon as this week, an executive told analysts last Wednesday. Now WeWork advisers are estimating the company is worth about a third of that amount. Soft Bank Group Corp. and its affiliates hold about 29 percent of WeWork stock, Bloomberg reported last week. Representatives for Soft Bank and We Co., the parent of WeWork, declined to comment. (news.financializer.com). As reported in the news.