Latest Initial public offerings News

WeWork to close its New York elementary school next year

Oct. 11, 2019 4:42 PM EDT

NEW YORK (AP) — WeWork will close the school it opened last year in New York with the lofty goal of promoting "conscious entrepreneurship" as the office-sharing company retrenches following its botched attempt to sell its stock on Wall Street. The "WeGrow" elementary and preschool in Manhattan will close...

Correction: WeWork-IPO story

Oct. 1, 2019 2:56 PM EDT

NEW YORK (AP) — In a story Sept. 30 about WeWork's withdrawing its initial public offering, The Associated Press reported erroneously that the company went through $198.7 billion to fund its operations in the first six months of the year. It went through $198.7 million. Also, the last name of WeWork's...

WeWork says it is withdrawing its stock market IPO filing.

Sep. 30, 2019 11:01 AM EDT
NEW YORK (AP) — WeWork says it is withdrawing its stock market IPO filing. .

Shares of Peloton skid on first day of trading

Sep. 26, 2019 4:36 PM EDT

NEW YORK (AP) — Shares of connected exercise machine company Peloton skidded in their first day of public trading. The New York company offered 40 million shares at an initial public offering price of $29 per share, the high end of an expected range of $26 to $29. The stock opened at $27 and closed...

IPO values screen-sharing app maker Teamviewer at $5.78B

Sep. 25, 2019 4:57 AM EDT

BERLIN (AP) — Teamviewer, the maker of the eponymous screen-sharing and conferencing software, has held the biggest initial public offering for a German tech company since the dot-com boom. Shares in Teamviewer began trading at 26.25 euros ($28.88) on the Frankfurt exchange Wednesday, valuing the company...

WeWork CEO stepping aside amid questions about company

Sep. 24, 2019 5:38 PM EDT

WeWork's charismatic but controversial CEO is stepping aside from the communal office-space company he founded, another moment of reckoning between the fast-growing startup and its disenchanted investors. The New York-based company said Tuesday that Adam Neumann will be replaced by two co-CEOs: Artie Minson,...

Hong Kong leader hopes town hall will be start of healing

Sep. 24, 2019 5:56 AM EDT

HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday she doesn't expect a town hall meeting this week will find answers to the months-long pro-democracy protests but hopes it will be a step forward in the "long journey" to reconciliation. Lam said she is encouraged that more than 20,000 people have...

Reports: Some WeWork directors seek to remove CEO

Sep. 22, 2019 6:04 PM EDT

NEW YORK (AP) — Some members of the WeWork board are unhappy with its leadership and plan to push WeWork CEO Adam Neumann to give up that title, according to several media reports. The reports say the board members are connected to Japanese firm SoftBank Group, WeWork's biggest investor. The Wall Street...

Airbnb says it will go public in 2020

Sep. 19, 2019 4:37 PM EDT

Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the hotel business. Airbnb disclosed the news in a brief statement. It didn't give a target date for the initial public offering or say why it thinks the...

WeWork delays its IPO amid tepid investor interest

Sep. 17, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for a fast-growing enterprise that spread trendy communal office spaces across the globe while piling up massive losses. The We Company dropped plans to begin a so-called...