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WeWork Finally Goes Public Via SPAC

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Shared office space company WeWork is making its public debut after a $9 billion merger with BowX Acquisition after a failed IPO attempt in 2019.

The SPAC valuation is considerably scaled-down compared to the $47 billion which SoftBank valued the company in 2019 and the company has cut back on costs and reduced the number of locations.

WeWork is trading under the stock ticker “WE” on the NYSE.

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