The 2019 calendar year will long be remembered in the eyes of public market watchers as the year of WeWork. Once billed as the most valuable startup in the United States, the company unraveled in dramatic fashion after filing its S-1 with the SEC, thanks to numerous issues with the company’s business model and management practices.
This event, along with a succession of dud listings from such big names as Slack and Uber, spooked the markets, with IPO registration withdrawals up almost 50 percent in 2019, according to research firm Renaissance Capital. This left a sizeable backlog of potential listings for 2020, with the holiday rental company Airbnb headlining that list.
More Stories
Iran moves troops to Azerbaijan’s border
Output, which develops software and virtual instruments for musicians, composers, producers, and sound designers, raises $45M Series A led by Summit Partners (Murray Stassen/Music Business Worldwide)
Get the new Xiaomi Mi Band 5 fitness watch for $38 – CNET