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Factbox: WeWork takes its place in 2019's spoiled IPO party
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  • Factbox: WeWork takes its place in 2019's spoiled IPO party

Factbox: WeWork takes its place in 2019's spoiled IPO party

Reuters • September 18, 2019, 00:10:09 IST
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(Reuters) - WeWork owner The We Company postponed its initial public offering (IPO) after a lackluster response from investors to its plans, adding to a long list of high profile names that have failed to click as listed companies this year.

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Factbox: WeWork takes its place in 2019's spoiled IPO party

Factbox: WeWork takes its place in 2019’s spoiled IPO party

(Reuters) - WeWork owner The We Company postponed its initial public offering (IPO) after a lackluster response from investors to its plans, adding to a long list of high profile names that have failed to click as listed companies this year.

The U.S. office-sharing startup’s latest step comes just days after Reuters reported that it might seek a valuation of between $10 billon and $12 billion, a deep discount to the $47 billion valuation it achieved in January.

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While 2019 has seen some of the most recognizable private brands look hopefully at the public markets, those that did list on U.S. stock exchanges this year have had a rough year too.

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** Ride-hailing company Uber Technologies Inc

-- IPO Price: $45.00

-- Debut date: May 10

-- Debut open: $42.00; Debut close: $41.57

-- Performance since IPO: down 23.5%

** Ride-hailing company Lyft Inc

-- IPO Price: $72.00

-- Debut date: March 29

-- Debut open: $87.24; Debut close: $78.29

-- Performance since IPO: down 33.6%

** Workplace messaging firm Slack Technologies Inc

-- Direct Listing on NYSE

-- IPO reference price: $26.00

-- Debut date: June 20

-- Debut open: $38.50; Debut close: $38.62

-- Performance since debut: down 32.2%

** China’s Wanda Sports Group Co Ltd

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-- IPO Price: $8.00

-- Debut date: July 26

-- Debut open: $6.00; Debut close: $5.16

-- Performance since IPO: down 41.4%

** Luxury online reseller RealReal Inc

-- IPO Price: $20.00

-- Debut date: June 28

-- Debut open: $28.00; Debut close: $28.90

-- Performance since IPO: down 16.3%

** China’s largest live-streaming platform DouYu

International Holdings Inc

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-- IPO Price: $11.50

-- Debut date: July 17

-- Debut open: $11.02; Debut close: $11.50

-- Performance since IPO: down 18.9%

Source- Reuters data, Regulatory filings

--Performance is based on stock’s Monday close

(Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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