(Reuters) – Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the expected interest from investors.
FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo
The cancellations in part are seen as a reflection of a weakening global economy, but have cast doubt on the solidity of some disruptive businesses, while Asian deals have also suffered from the political protests in Hong Kong.
Here is a list of the most notable companies across the world to have pulled the plug on their IPOs in 2019:
** The We Company, owner of office-sharing startup WeWork, scrapped its IPO in September, as concerns around the sustainability of its business model led to a lackluster response from investors.
** Endeavor Group Holdings, the U.S. entertainment and talent…