A venture-capital insider dishes on why WeWork's original valuation was way too high (WE)

WeWork is reportedly slashing its targeted value in its upcoming IPO by as much as half. For Manhattan Venture Partners, a merchant bank specializing in pre-IPO companies, the move couldn't have been more apt.  Santosh Rao, the firm's head of research, said in an interview that many of WeWork's practices might fly as a private company, but not on public markets. Visit Business Insider's homepage for more stories. WeWork's lofty valuation for its initial public offering has been slashed to...