SoftBank has been WeWork’s biggest backer, pouring more than $10 billion into a ballooning startup that has attracted increasing skepticism. Now, the market’s frigid reception of WeWork’s IPO is putting the companies’ relationship to a test. Softbank is urging WeWork’s parent company to shelve its IPO plans as the Japanese conglomerate tries to raise $108 billion for a second Vision Fund. It could struggle to attract major investors if the firm’s initial $100 billion Vision […]
source https://therealdeal.com/national/2019/09/10/these-are-softbanks-levers-to-disrupt-weworks-ipo/#new_tab
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