JPMorgan dodged a bullet with sale of WeWork stake: report

JPMorgan cashed in almost $100 million of its stake in WeWork shortly before the company’s failed attempt to go public. The banking giant — a lead advisor on WeWork’s botched initial public offering effort — sold its shares last year, soon before the office giant descended into crisis, according to the Telegraph. Typically, investors will wait to cash out until after an IPO in the hope of achieving a higher valuation. JPMorgan previously sold off

source https://therealdeal.com/2020/04/27/jpmorgan-dodged-a-bullet-with-sale-of-wework-stake-report/