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Just a thought on bad IPOs
In 2019, WeWork was about to go public. After a valuation cut during the IPO filing, investors weren’t that interested. Then the company had to stop the IPO, fire their co-founder and CEO Adam Neumann, and continue to work in private.

During the pandemic, both Robinhood $HOOD and WeWork $WE did go public. Both aren’t doing well to this day.

With Robinhood’s stock performing worse every day since IPO, it got me thinking on how WeWork would perform if it did go public under Adam Neumann. After watching the show “WeCrashed”, I’ve come to the conclusion that WeWork’s stock would’ve performed similar to how Robinhood is performing now.

As for risks of bankruptcy, I have to check both companies’ financials (but for WeWork, it would have to be the original S-1 from 2019).

These are just thoughts I wanted to share. Maybe other companies looking to go public would be expected to perform similarly as those two companies.

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