FILE - In this Jan. 16, 2018 file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. WeWork is delaying its IPO, saying it now expects the offering to be completed by the end of the year. The office-sharing company is hoping to restore investor confidence amid doubts about its ability to make money and decisions that’ve raised concerns about its CEO. (AP Photo/Mark Lennihan, File)

Detour on the road to WeWork IPO

September 17, 2019 - 5:14 am

NEW YORK (AP) — WeWork is pushing back its public debut with investor confidence in the office share company once valued at around $47 billion appearing to grow shaky.

Wall Street had expected WeWork to begin a road show to market its shares as early as next week. The company said recently that those shares would be listed on the Nasdaq.

In a blistering hot year for IPO, the New York company appears to be having difficulty generating investor enthusiasm.

WeWork lost $1.61 billion last year while bringing in $1.82 billion in revenue.

In a prepared statement, the company said it expects to go public by the end of the year.