WeWork debuts on the NY Stock Exchange after a failed offer in 2019

In 2019, WeWork's IPO fell apart after investors questioned its governance practices and actual value.

In 2019, WeWork's IPO fell apart after investors questioned its governance practices and actual value

10/22/2021

Shares of shared space operator WeWork debuted on the New York Stock Exchange (Nyse) on Thursday. The roles came to rise by 9.83%.

The company joined the stock market once and for all via a merger with a Special Purpose Acquisition Company (SPAC) BowX Acquisition two years after a failed share offering.

In 2019, WeWork's IPO fell apart after investors questioned its governance practices and actual value. Now the company makes its debut after a restructuring under the command of CEO Sandeep Mathrani.

The executive sold the thesis of WeWork as a company that offers "space as a service" with the changes in work dynamics in the post-pandemic, saying that the company is well-positioned to take advantage of this moment.

Read the full story (in Portuguese).

Latam

Brazil

National

Coworking

Market Analytics

Investments

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.