This summer, WeWork expected to have one of the highest-profile IPOs ever. But then it delivered the S-1 papers and it all came together.
The S-1 itself was a turn – it began with the phrase "We dedicate this to our energy," revealing the myriad ways in-house CEO Adam Neumann was a risk factor, outlining a succession plan that, if everything happened to Neumann , let your wife or family trust choose a new CEO. The IPO collapsed shortly after. Then a wild profile of Neumann came out, with a story of how he once carried a grain box full of weeds on a private jet to Israel. Under continued criticism, Neumann eventually quit ̵
This happened in just over two months. Now SoftBank is trying to get the pieces of WeWork and move on – and that can be a difficult road ahead. Follow all the news and updates about the 2019 soap opera by a company here.