WeWork and BowX Acquisition Corp. Complete Merger to Form Publicly Traded WeWork
October 20, 2021
BowX Acquisition Corp. and WeWork Inc. completed their business combination on October 20, 2021, creating a publicly traded, flexible workspace provider operating as WeWork Inc. WeWork began trading on the NYSE on October 21, 2021 under the ticker symbol “WE.” The transaction provided WeWork with approximately $1.3 billion in gross cash proceeds, including cash held in the trust account and PIPE/backstop financing.
- Buyers
- WeWork Inc.
- Targets
- BowX Acquisition Corp.
- Industry
- Real Estate
- Location
- New York, United States
- Transaction Type
- Buyout
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