Why WeWork's $47 billion private valuation could be a key stumbling block for its IPO — and might ev

WeWork, which is preparing for an initial public offering, could have a hard time convincing public investors to value it as much as private investors did — $47 billion as of January. Among the reasons investors could be skeptical of such a valuation: The company has $47 billion in outstanding lease obligations, large and mounting losses, and numerous governance red flags. What's more, other big startups that recently went public, Uber, Lyft, and Slack, have performed poorly since their...