Amid questions about the coworking space firm’s worth and its corporate governance, its parent We Company is said to be scrapping a marketing roadshow and postponing this month’s initial public offering until at least October. In recent months, the company has been under pressure to go public to fund its operations, though critics say WeWork’s model could leave it vulnerable during an economic downturn.

Why does it matter? Sources suggest We might seek a valuation between $10 billion and $12 billion — less than it’s raised in its nine-year existence, and a massive reality check from January’s $47 billion valuation.

Sourced through Scoop.it from: www.ozy.com