The company’s losses narrowed from $3.5 billion in 2019 and it plans to go public at a valuation of $9 billion including debt through a merger with a special purpose acquisition company , according to a person directly briefed on the presentation that was sent out to existing and potential new investors.
Reuters reported in January that WeWork was in talks to go public through a merger with a SPAC and was exploring raising funds from private investors. WeWork is now in talks with BowX Acquisition Corp, a blank-check company that raised $420 million in August, according to the Financial Times, which first reported the news.The report said that WeWork forecast occupancy to rebound to 90% by the end of 2022, from 47% at the end of last year when the COVID-19 pandemic shut its co-working spaces around the world.
SPAC-tacular!! ...we've reached the point in the cycle where SoftBank has become too big to fail...
dip back down to around $60,000, I would recommend getting involved now before the inevitable surge I have made over 16BTC profits since August last year not just by buyin the dip but implementing tradess with signals suplied by Mike Lent. TeIe gram Mikelent whatspp+18163554602
The IPO was delayed because it couldn’t get through normal channels. If this SPAC goes through people will lose money. Someone should stop the insanity.
So... WeWork is technically not working?
WeDon’tWork
this is terrible news