Second Time Lucky for WeWork?

Office leasing company WeWork is trying to float again after 2019's debacle, but this time looks very different - could it benefit from the rise in demand for flexible office space?

Margaret Giles 10 May, 2021 | 8:46AM
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WeWork office building

Office leasing company WeWork is now trying to go public again, having last attempted an IPO in 2019, but this time looks very different, as it's going down the now popular route of floating via a special purpose acquisition company (SPAC). The SPAC deal with BowX Acquisition values the company at $9 billion, a far cry from the $47 billion prior to its IPO attempt two years ago. Still, this valuation may be inflated by some of the same enthusiasm that drove the lofty valuations of the past. 

Why Is WeWork Going Public Now?

One of the main reasons that a company goes public is to gain access to additional capital that may not be available in the private market, as well as to let existing investors sell shares. WeWork expects to receive $1.3 billion from the deal to be used to invest in further growth.

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About Author

Margaret Giles  Margaret Giles is a journalist for, based in Chicago

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