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veen · 1794 days ago · link · · parent · post: WeWork Files for I.P.O., Joining Wave of Cash-Burning Start-Ups in Going Public
It's so weird to me that a middle man's value-add can be to subtract value, yet still be valued positively. Somehow the two words "WeWork IPO" have an ominous ring to them. What do the finance moon howlers have to say about it?
The filing was in December; since that article linked above, the velocity on WeWork is largely down not up. I suspect the moon-howlers will have plenty to say as soon as the IPO actually happens, regardless of what the market does. To me it looks like everyone who has an IPO is trying to find a greater fool as fast as they can.