WeWork’s New Stock-Listing Plan Has Echoes of Its Past – The Wall Street Journal
WeWork, which had one of the most spectacular IPO implosions in recent years, is trying to go public againand some of the factors that worried regulators on the first deal are back again.
WeWork isnt doing an initial public offering this time, but merging with a special-purpose acquisition company, or SPAC. Rules around SPACs are looser than for IPOs, giving WeWork more leeway to tout its future.
The shared-office provider is expected to merge with a SPAC called BowX Acquisition Corp. later this…