Find out the key takeaways from the NIC Fall 2019 Conference, the latest buzz on WeWork’s IPO, an update on 2019 YTD investment sales figures.
The company will revamp a stock structure that gives co-founder Adam Neumann vast control over its board.
WeWork financial advisers JPMorgan Chase and Goldman Sachs have created a push to reform the firm’s governance.
WeWork’s competitors may view the company’s IPO as a lesson in how not to raise capital, says one source.
The co-working company plans to rely on junk bonds for funding in the near term.
The company is now seeking a valuation closer to $20 billion, well below the $47 billion projected earlier this year.
The trade war with China is raising the cost of office construction, causing investors in new projects to hesitate and lenders to tighten their purse strings.
Harvard Business School professor Frances Frei will join the company’s board.
