WeWork is back with a public share listing, two years after the high-flying office-sharing firm went into a tailspin that led to the cancelling of a planned share offering.
NEW YORK: WeWork announced on Friday it plans to enter public markets through a merger transaction that raises $1.3 billion, valuing the office-sharing firm at a fraction of the sum discussed in its unsuccessful pre-pandemic effort to go public.
The move comes two years after the former high-flying office-sharing company went into a spectacular tailspin that led to the canceling of a planned public share offering and a bailout by Japanese investment firm SoftBank.
But with changed leadership, WeWork said its “flexible space” model positions the company for the needs of the post-pandemic working world after exiting underperforming…
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