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Events on Monday 30 September 2019 1
2019WeWork IPO collapsesOffice-sharing startup withdraws offering after valuation implodesWeWork withdrew its highly anticipated initial public offering after investor scrutiny of its governance and business model caused its valuation to collapse from $47 billion to a fraction of that figure. Co-founder Adam Neumann was ousted as CEO shortly before the withdrawal. The episode became a cautionary tale about startup valuations.