WeWork Postpones Long-Awaited IPO, Sending Its Bonds Falling (2)

WeWorkpushed back its much-awaited initial public offering as the company seeks more time to allay investor doubts over its governance, slashed valuation and business prospects.

The offering is likely to be postponed until at least October, people familiar with the matter said Sept. 16. The office-rental unicorn had planned to begin making its pitch to investors in a roadshow as soon as this week.

“The We Co. is looking forward to our upcoming IPO, which we expect to be completed by the end of the year,” the company said in a statement the evening of Sept. 16 in New ...