Fast-growing office-sharing startup WeWork plans to again cut its valuation, this time to below $20 billion, and is under pressure from some investors to postpone its stock market debut, sources said Sunday. It is the second time in three days that the company has cut its valuation target, after sources said Thursday that its parent The We Company was revising it down from $47 billion to $20 billion over doubts about its prospects from potential investors. Some investors are also worried about skepticism surrounding the company’s business model and want its planned initial public offering (IPO) to be pushed to 2020, sources said on condition of anonymity.
