KKR warns of WeWork redux for big names that can’t turn profits

The Business Times | Jan 16, 2020 at 12:00 AM
  • A private equity giant is warning that more untested companies are due for a reckoning in repeats of WeWork’s abrupt fall from grace.
  • The debacle saw WeWork become the poster child for Wall Street concerns about questionable valuations and corporate governance at highly-regarded private companies.
  • Casper Sleep Inc, which submitted a filing on Friday to pave the way for a public listing, reported losses of US$67 million in the nine months ending September 2019.