webpack-dev-server not working with proxy IIS Express after Windows 10 Creators Update

After installing Windows 10 Creators Update webpack-dev-server does not work anymore. What happens is that I start IIS Express and it works like normal. When I then try to start webpack-dev-server with a proxy to the IIS Express I get the following error in Visual Studio:

The program '[14752] iisexpress.exe' has exited with code -2147023895 (0x800703e9).

Edit:

Turned out to be a stack overflow exception and not the IIS at all. I also did a git pull but since I had a lot of other errors with my screens etc after Creators Update I thought it was related. A hint might be that -2147023895 is quite close to Int32.MinValue (-2,147,483,648).

Original:

Got it working but it is painfully slow. In VS -> Tools -> Options... -> Projects and Solutions -> Web Projects -> Tick "Use the 64 bit version of IIS Express for web sites and projects"

I also tried deleting the .vs folder and bind the application to a new port but this did not help.