WeWork has agreed to go public through a merger with เข้าเล่น slotxo BowX Acquisition Corp, an auditing firm, in a deal that prioritizes the $ 9 billion office-sharing startup and debt.It was a sharp drop from the $ 47 billion WeWork had for 2019 listings, ahead of incomplete listing plans stemming from investor concerns about Adam Neumann's business model and management style. Founder Back then, banker Goldman Sachs said the valuation could reach $ 65 billion. But it fell to about $ 8 billion
after SoftBank was forced to expand the life-saving financial lifeline for WeWork.The startup told investors it was expected to lose about $ 3.2 billion last year as part of a stock market IPO by merging it with a special acquisition company (SPAC), the sources said. Told Reuters earlier this week WeWork will pull $ 1.3 billion in cash from the latest deal, including a $ 800 million private investment from Insight Partners, a fund managed by Starwood Capital, Fidelity Management and others.
SPAC is a shell company that uses its public listing revenues to buy private companies, and WeWork is the latest high-profile company to bring this path to market.Lucid Motors, a rival to Tesla and Virgin Galactic led by Richard Branson, also chose to merge SPAC over a traditional IPO.Southeast Asian giant Grab is in talks to go public in the United States through a mega-merger worth $ 40 billion, Reuters reported earlier this month.BowX Acquisition raised $ 420 million in its IPO in August last year.
