WeWork's ill-fated IPO shows market discipline - Oaktree's Marks
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TOKYO (Reuters) - WeWork's failure to go public and this year's disappointing tech IPOs in the United States are a positive sign of market discipline and investor vigilance, Oaktree Capital's billionaire co-chairman Howard Marks said.WeWork abandoned plans for an initial public offering on Sept. 30 as investors questioned the office-sharing startup's growing losses, its business model and corporate governance. It followed some high profile U.S. IPO flops including that of Uber and Lyft and..