WeWork IPO: 'Greater Fool Theory' in play leaving deep-pocketed VCs, such as Softbank, stranded

Softbank is urging one of its most valuable portfo... moreSoftbank is urging one of its most valuable portfolio companies, WeWork, to shelve its IPO plans. IPO underwriters of WeWork have slashed the valuation of the company to $15-20 billion, significantly over than the $47 billion valuation it received in January 2019 during the last round of venture funding. The WeWork IPO could have a much wider ramifications for the VC-startup landscape.