SoftBank urges WeWork to shelve IPO over valuation concerns: FT

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SoftBank urges WeWork to shelve IPO over valuation concerns: FT
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SoftBank Group , a top shareholder in the holding company of U.S. office...

FILE PHOTO: The WeWork logo is displayed outside of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo

A SoftBank spokeswoman declined to comment on the report, which cited sources familiar with the matter. While SoftBank and its $100 billion Vision Fund emphasize their long term investing credentials, founder and CEO Masayoshi Son has set out an ambitious IPO pipeline for its tech investments, spanning ride-hailing, fintech and health startups.

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