The We Co., the parent of coworking giant WeWork Cos. Inc., is set to postpone its planned IPO until at least October, The Wall Street Journal reported, citing people familiar with the matter.
The move reportedly was prompted by investor concerns about the company's valuation and corporate governance.
The company is also likely to scrap a planned roadshow to market the shares as early as Sept. 16 ahead of a previously scheduled trading debut in the week of Sept. 23, according to the publication.
