News > WeWork takes SPAC route to go public in $9 billion deal

WeWork takes SPAC route to go public in $9 billion deal

E-News | 26/03/2021 10:11 PM | Click to read full article

WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp, in a deal that values it at $9 billion, the office-sharing startup said on Friday.

A SPAC is a shell firm that uses proceeds from a public listing to buy a private firm and WeWork is the latest in a slew of high-profile companies that have taken this route to the markets.