WeWork’s IPO Implosion Imperils a Blessing of Other Similar Unicorns

It may not be the end of the big “concept” IPO, but the We Co.’s announcement Monday that it is shelving its IPO plans for the time being casts a pall over all the billion-dollar startups that were going to bring liquidity of various sorts to industries large and small. We Co., parent to office leasing giant WeWork, said, a week after co-founder and CEO Adam Neumann relinquished the top spot, that it will “postpone our IPO to focus on our core business, the fundamentals of which remain strong.”  The…

WeWork’s IPO Debacle: What Happens if It Doesn’t Go Public?

Amidst reports of an impending management shakeup at newfangled property manager WeWork, the immediate impact may be a slower growth rate as the company and its largest investor try to make an initial public offering happen by the end of this year, according to analysts.  “The company would have to adjust to less resources and a lower rate of growth,” said Pierre Ferragu, a partner with New Street Research in New York who has studied the investments of SoftBank (SFTBY) , the largest investor in WeWork. The We Company, the corporate…

WeWork’s Multi-Billion-Dollar Bet on Office Space Appears to Lose Its Luster

The initial public offering of the newfangled property management company WeWork appeared to lose ground this week, as Bloomberg and The Wall Street Journal both reported the company was looking to cut its offer price by as much as half, and might even delay its share sale until next year, citing unnamed sources.  The publications had previously reported that a WeWork roadshow would start next week. The slashing of the offer price, if true, is attributed to a lack of interest in the offering but also concerns about the business…

What Spotify, Dropbox Must Do to Keep Ahead of the Latest Wave of IPOs

Pity last year’s hot initial public offerings — Dropbox (DBX – Get Report) and Spotify Technology (SPOT – Get Report) . The pair have been buried by a rush of hot new IPOs such as Zoom Video Communications (ZM) and PagerDuty (PD) . While the latter have soared since their April debuts by 41% and 29%, respectively, Dropbox is down 15% since its offering in March of last year, and Spotify is basically flat with last year’s debut, a period over which the Nasdaq Composite has risen 10%. It’s a potent reminder…

Zoom and PagerDuty Continue to Outpace Uber and Lyft Among Latest Tech IPOs

Shares of recently public tech names have all rallied this week, but the broader trend is that investors are clearly separating out the wheat from the chaff, as TheStreet predicted not long ago. Shares of Uber (UBER) , Lyft (LYFT) , PagerDuty (PD) , Tufin Software Technology (TUFN) , and Zoom Video Communications (ZM) were all higher Wednesday and Thursday, and though Pinterest (PINS)  struggled on Wednesday, it, too, rallied on Thursday. The trend, however, shows a a separation: the big consumer names, Uber, Lyft, have traded down, while the more focused B2B companies —…