WeWork pulls its public offering

WeWork pulls its public offering

WeWork co-CEO Artie Minson (Credit: Getty Images)

WeWork co-CEO Artie Minson (Credit: Getty Images)

WeWork is officially pulling it public offering.

Sebastian Gunningham

Sebastian Gunningham

The firm’s co-CEOs, Artie Minson and Sebastian Gunningham, said in a statement that WeWork “decided to postpone our IPO to focus on our core business.”

“We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” the statement said.

Last month, the firm’s S-1 filing to the U.S. Securities and Exchange Commission set off a media firestorm after it laid bare the company’s precarious financial position.

This is a breaking story. Please check back for updates.

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