WeWork attempts to go public again, this time through a SPAC - Spectrum News

NEW YORK (AP) — Nearly two years after its attempted initial public offering of shares disintegrated, WeWork is going public in a merger with a special-purpose acquisition company.

WeWork is merging with BowX Acquisition, a SPAC, in a transaction that would value the embattled communal office-space company at $9 billion plus debt, the companies said in a joint statement Friday.

He used some of his WeWork stock to secure a $500 million personal loan prior to the IPO.

Oakley said that while leasing volumes are still low, inquiries for serviced office space have been rising since the start of the year.

“There could be a reasonably optimistic story for serviced office providers going forward," he said.

Published On: Fri, 26 Mar 2021 13:39:11 GMT