General World News

BANK OF AMERICA: WeWork and other IPO disasters could start a domino effect that sends US stocks tumbling. Here’s how.

Adam Neumann / WeWork

  • Bank of America’s global research team says the failure of WeWork and growing scrutiny of private companies could ultimately hammer the public stock market.
  • The theory is that pension funds — which are putting an increasing amount of money into private companies — might have to mark down those investments and then sell stocks to free up cash.
  • Private equity has become a bigger and bigger part of the investing world in recent years and it’s not clear what will happen to it in a major downturn.
  • It’s just the latest question about what the struggles of WeWork and other unicorns means for read more >>>

    Source:: BusinessInsider.Com