On September 17, 2019, The We Company, the parent company of WeWork, decided to postpone their IPO until the end of 2019. In a prepared statement, the company said "The We Company is looking forward to our upcoming IPO, which we expect to be completed by the end of the year"[58][59] The company's prospectus brought heavy criticism for its leadership by Adam Neumann, its business model, and its heavy losses.[3][4]