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Jamie Dimon Is in a Whale of a Mess on the WeWork IPO

Monday, August 26, 2019 18:26

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Jamie Dimon Is in a Whale of a Mess on the WeWork IPO

By Pam Martens and Russ Martens: August 23, 2019 ~ The WeWork IPO preliminary prospectus was filed last week with the Securities and Exchange Commission (SEC) and the company has been getting savage reviews ever since. WeWork is a commercial real estate company leasing out office space but is attempting to mesmerize the public into believing it is some genius new-age thinker. JPMorgan Securities LLC, a unit of JPMorgan Chase, and Goldman Sachs & Co. are listed as lead underwriters on the IPO. Scott Galloway, a professor at NYU’s Stern School of Business, wrote on his blog that “bankers (JPM and Goldman) stand to register $122 million in fees flinging feces at retail investors….” What has not been crystallized as yet, however, is how Jamie Dimon, Chairman and CEO of the largest bank in the U.S., JPMorgan Chase, sits smack in the middle of this mess. Dimon should definitely … Continue reading →

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Source: http://silveristhenew.com/2019/08/23/jamie-dimon-is-in-a-whale-of-a-mess-on-the-wework-ipo/

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