WeWork delays $20bn IPO after struggling to interest investors

Office-sharing company's value has been slashed since January but it says flotation will still take place this year

WeWork, the US office-sharing company, has postponed its stock market flotation after receiving a lukewarm response from investors.

WeWork's parent, We Company, had planned to launch an investor roadshow this week to drum up interest in its $20bn (16bn) share sale, slashed from an initial valuation of $47bn. It hoped to price and list its shares next week, but has put the plans on ice amid operating losses and corporate governance issues.