You are using an older browser version. Please use a supported version for the best MSN experience.

Why Jim Cramer Isn't Sold on WeWork

Are you ready to invest in The We Company? Jim Cramer isn't. WeWork filed its S-1 with the Securities and Exchange Commission on Wednesday, Aug. 14. The company will be the second-biggest IPO of the year, after Uber UBER. It plans to have three tiers of shares. And The We Company will trade under the ticker "WE." Cramer explained that he was hesitant about the company. "The arrogance of it. Three classes of stock, but losing huge amounts of money, insider dealings. It's precisely what smells of a top. I don't want that to happen. The bankers have to bring deals. That's what bankers do. I don't know many bankers who would ever say, you know what? Let's wait. This is not the time. But this is not the time. Don't need it. If you're a person who wants higher stock prices, the last thing you want is WeWork to come public because it's just everything that I don't like about a deal is encapsulated in a company that's losing even more money than I thought," explained Cramer. Premium Pick: Macy's Charts Still Short on Magic Ask the Expert: What is The Future of Cannabis Legalization? TheStreet Explains: What Is an EPS Estimate? Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer C-Suite: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do' Ready to Retire: The Biggest Threat to Your Retirement? Check Your Basement Success: Top Women Leaders Share the Keys to Business Success Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

Recent Videos

Featured Partners

image beaconimage beaconimage beacon