WeWork Agrees to SPAC Deal That Would Take Startup Public

WeWork to go public, valued at $9 bil

WeWork announced Friday it plans to enter public markets through a merger transaction that raises $1.3 billion for the office-sharing firm. The move comes two years after the former high-flying office-sharing company went into a spectacular tailspin that led to the cancelling of a planned public share offering and a…

WeWork merges with SPAC in going public

The co-working and flexible space provider WeWork has entered into a definitive merger agreement with the special purpose acquisition company (SPAC) BowX in order to become a publicly listed company.The deal values WeWork at an initial enterprise value of approximately $9bn and the transaction will provide the company with $1.3 billion in cash to fund its growth plans into the future.The transaction itself will be funded with BowX's $483m of cas…

WeWork to go public via SPAC led by tech entrepreneur Vivek Ranadive

The deal would value WeWork at $9 billion including debt, far less than the $47 billion that it was estimated to be worth after a private round of financing from SoftBank in 2019, the year its efforts to go public in a traditional IPO imploded.

WeWork agrees $9 billion SPAC merger to finally get stock market listing

March 26, 2021By Niket Nishant, Noor Zainab Hussain and Joshua Franklin(Reuters) – WeWork said on Friday it has agreed to go public through a merger with blank-check firm BowX Acquisition Corp, enabling the office-sharing company to complete a stock market listing two years after its failed first attempt.The merger with BowX, a special purpose acquisition company (SPAC), values WeWork at around $9 billion, a steep drop from the $47 billion …

WeWork to go public through Spac deal with $12 trillion valuation

The office-sharing company said it aims for the deal to be closed by the third quarter.. Read more at straitstimes.com.

WeWork Is The Latest To Agree To Go Public Via A SPAC Merger

WeWork has agreed to a merger with a special purpose acquisition company, or SPAC, which will take it public. The deal with BowX Acquisition Corp. placed a valuation of $9 billion on the startup, including debt. That amount is a sharp drop from what WeWork was valued at just a few years ago. Q4 2020 […]