WeWork is officially pulling it public offering.
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.
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