Friday, March 26, 2021 6:32:53 AM
WeWork to go public through merger with BowX Acquisition--WSJ
$BOWX $BOWXW
Published: March 26, 2021 at 6:23 a.m. ET
By Tomi Kilgore
WeWork will be going public after the flexible office space company has agreed to merge with special purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion, including debt, according to a Friday report in The Wall Street Journal. BowX shares rallied 4.8% in premarket trading. WeWork would raise $1.3 billion in the deal, including $800 million in private investment in public equity (PIPE) from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management and others, the WSJ report said. In 2019, an investment from Japan-based technology investor Softbank Group Corp....
$BOWX $BOWXW
Published: March 26, 2021 at 6:23 a.m. ET
By Tomi Kilgore
WeWork will be going public after the flexible office space company has agreed to merge with special purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion, including debt, according to a Friday report in The Wall Street Journal. BowX shares rallied 4.8% in premarket trading. WeWork would raise $1.3 billion in the deal, including $800 million in private investment in public equity (PIPE) from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management and others, the WSJ report said. In 2019, an investment from Japan-based technology investor Softbank Group Corp....
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