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WeWork to Withdraw Public Offering, Focus on Its Business Model

Coworking Company Works to Pare Costs
WeWork space in Vancouver, Canada. (GoToVan/Flickr)
WeWork space in Vancouver, Canada. (GoToVan/Flickr)
By Richard Lawson and Randyl Drummer
September 30, 2019 | 4:46 P.M.

WeWork said it plans to withdraw its registration filing for an initial public offering of its We Co. parent, effectively ending the shared office space provider's plans for a stock sale a week after cofounder Adam Neumann stepped down as chief executive officer under pressure from SoftBank Group Corp., its largest investor.

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