WeWork is formally withdrawing the prospectus for its initial public offering.
The flexible office giant still plans to operate as a public company in the future, its co-chief executives said in a Monday statement.
Co-chief executives 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.”
