WeWork to go public, valued at $9 bn

New York (AFP) – WeWork announced Friday it plans to enter public markets through a merger transaction that raises $1.3 billion for the office-sharing firm. The move comes two years after the former high-flying office-sharing company went into a spectacular tailspin that led to the cancelling of a planned public share offering and a bailout by Japanese investment firm SoftBank. The transaction with BowX Acquisition Corp. is the latest instance in which a prominent company eschews a traditional initial public offering in favor of combining with an entity like BowX that has been specifically est…

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HEDGE accordingly