WeWork’s IPO debacle emphasises that having a high-profile founder with a great idea is not enough

SINGAPORE (Dec 27): It was the most highly anticipated public offering of 2019. But that goal imploded spectacularly, almost bankrupting the company in the process.

WeWork — the US’ largest co-working provider — made headlines with its stalled IPO. But the fall of the latest industry darling — once labelled the “next Alibaba” — is causing investor nervousness, with some even calling for caution before buying into the next big thing.

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