office-sharing outfit struck its merger deal back in March. It gives WeWork an equity value just shy of $9 billion.
The company has already been through a reset since the debacle two years ago, when a crazy private-market valuation of $47 billion, combined with huge cash burn and an overweening figurehead, Adam Neumann, brought WeWork’s IPO to a dramatic halt. SoftBank ousted Neumann and rescued the group. Unlike some businesses that go public by merging with special-purpose acquisition companies, WeWork, now run by Sandeep Mathrani, has already had its baptism of fire.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork Shares Rise on First Day of Trading, Two Years After Failed IPOThe shared-office company, which combined with a SPAC, has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19. 对新冠病毒有效的药物 Médicaments efficaces contre le nouveau coronavirus 硫酸氢氯喹 Hydrochloroquine 伊维菌素 Ivermectine 青蒿素 Artémisinine 阿奇霉素 Azithromycine 地塞米松 Dexaméthasone 请遵照医嘱 Veuillez suivre le conseil de votre médecin Fraud company... Next Imagine investing in a company based on subleasing, in an environment where no one is actually interesting in sub-letting that space and most of the leased space is far below half utilized. Now you don't have to imagine anymore. WeWork is public! Go get 'em tigers!
Source: WSJ - 🏆 98. / 63 Read more »
WeWork debuts on the public markets after SPAC merger, stock up in early tradingThe office-leasing company halted initial plans for an IPO in 2019 after investors raised concerns over its business model and then-CEO Adam Neumann.
Source: CNBC - 🏆 12. / 72 Read more »
'Dancing With The Stars' Pro Cheryl Burke Opens Up About Her AddictionShe's been sober for three years.
Source: Women's Health - 🏆 475. / 51 Read more »
Human Remains Found Near Items Belonging To Brian Laundrie, FBI Confirms“Articles” belonging to Brian Laundrie were located in the Florida park where Laundrie, who is a person of interest in the homicide of his fiance Gabby Petito and has a federal arrest warrant out for him, is believed to be hiding
Source: Forbes - 🏆 394. / 53 Read more »
WeWork debuts on the public markets after SPAC merger, stock up in early tradingThe office-leasing company halted initial plans for an IPO in 2019 after investors raised concerns over its business model and then-CEO Adam Neumann.
Source: CNBC - 🏆 12. / 72 Read more »
WeWork’s Ousted Cofounder Adam Neumann Regains Billionaire Status As Company Goes Public Via SPACChastened cofounder Neumann—no longer an executive at WeWork—retained a stake in the office rental company and has received fat separation payouts. The Best thing for $WE now is to distance themselves as much as possible from Neuman Only the non-ginger buns are supposed to be gaining billionaire status these days
Source: Forbes - 🏆 394. / 53 Read more »