The inability of WeWork to bring its IPO to market believe it or not is a positive. The IPO would have sold shares to retail investors at a huge valuation only to let them bear the brunt of the loss.
“But there is a silver lining. The marketplace stepped in. The mandatory disclosure that the SEC requires in the form of S-1. The autopsy here will reflect death by S-1. Then, media and academics read the S-1 and started applying this incredibly prescient competence called math.” - Scott Galloway
Properly valuing a company before it comes to market validates the process and removes the froth before it can move downstream and inflict its harm on retail investors and the market in general.
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