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WeWork to Go Public Via SPAC: What Jim Cramer Is Watching

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WeWork is finally going public. 

The company will be going public in a reverse merger with BowX Acquisition. 

The Wall Street Journal reported that WeWork, which tried and failed to go public in a $47 billion IPO in 2019, will raise another $1.3 billion in funds from private equity groups including Starwood Capital Group.

The total valuation, per the report, places WeWork at around $9 billion.

BowX is an affiliate of Bow Capital, a San Francisco, California-based investment group founded by Vivek Ranadivé that includes NBA legend Shaquille O'Neal as one of its key supporters.

So, is this a SPAC to watch?

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live. 

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