Softbank Group

The battle over WeWork's IPO

An illustration of a unicorn with cash speared through its horn.
Illustration: Sarah Grillo/Axios

WeWork is moving forward with its IPO, as this space has repeatedly predicted, despite recent reports that major investor SoftBank was pushing for a delay.

Between the lines: It's unclear if SoftBank leaked word of its own resistance. But lots of people think SoftBank was the source, which might as well be the same thing in terms of future perception among founders and venture capitalists.

Behind new buzz over WeWork's IPO

The WeWork sign outside of a community office
Photo: Jonathan Brady/PA Images/Getty Images

There is lots of WeWork IPO buzz after the WSJ reported that the company may go public at a valuation at less than half its most recent private mark of $47 billion.

Driving the news: It also revealed that CEO Adam Neumann recently met in Tokyo with SoftBank CEO Masayoshi Son to discuss either a cornerstone IPO investment or a private capital infusion that would allow WeWork to delay its IPO until next year.