After a year in which a global pandemic turned offices across the world into ghost towns WeWork, the embattled communal office-space company, is making a second attempt at going public. The announcement Friday comes almost two years after WeWorkâs first attempt at becoming a publicly traded company blew up in spectacular fashion, its founder and CEO ousted abruptly. This time the New York company becomes part of a SPAC wave and will seek a listing after merging with the special-purpose acquisition company BowX Acquisition. The agreement values WeWork at $9 billion plus debt, far below the $47 billion valuation given the venture in September 2019 when the IPO imploded after massive losses were revealed in regulatory filings.
A year after pandemic cleared out offices, WeWork is back
