WeWork – and Neumann – enjoy share boost on belated Wall Street debut WeWork - and Neumann - enjoy share boost on belated Wall Street debut Shares in WeWork rose as much as 12 per cent on its first day of trading on the New York Stock Exchange, as the office space provider’s two year journey to a public offering finally came to a head. WeWork began trading its shares today after shareholders approved a $9bn merger with special-purpose acquisition company [...]
WeWork to trade from Thursday after BowX merger WeWork to trade from Thursday after BowX merger Office-space provider WeWork is expected to start trading on the New York Stock Exchange from Thursday after a $9bn merger with special-purpose acquisition company (Spac) BowX Acquisition. As reported by the Financial Times, WeWork’s $9bn market evalutation is a fraction of the initial $47bn at which was listed before tanking its initial listing in 2019. [...]
WeWork losses cast shadow over $9bn listing WeWork losses cast shadow over $9bn listing WeWork is set to report a loss of $1.5bn (£1.1bn) for this year, weeks before the company’s planned $9bn listing on the New York Stock Exchange, according to reports. City A.M. understands that the flexible office-space provider first made investors aware of its expected losses in an earnings report in August and again in an [...]