WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO

Shared-office company has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19

In 2019, the We Co.'s IPO was postponed after the company announced it would withdraw its request to go public. Here's a look at the company's business model and why some investors were eyeing the risk. Photo: David 'Dee' Delgado/Bloomberg

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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!

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