[sfifs]

With so much bad publicity, it seems likely WeWork's IPO is dead in the water. I'm surprised anyone's still willing to underwrite it.

The interesting question is going to be what questions will now get asked of SoftBank Vision Fund if any by it's investors. Going by the Theranos example probably nothing but raising capital for their next fund may also be dead in water after so many of their high profile investments have had issues.

[chrisseaton]

What does it mean to underwrite an IPO? Isn't it caveat emptor? What is being unwritten?

[zb]

The underwriter guarantees that the company will raise a certain amount of capital, by agreeing to take up the shares themselves if nobody else does, in exchange for a cut.

https://en.wikipedia.org/wiki/Underwriting#Securities_underw...