WeWork reported to be in talks with SPACs, other investors
January 29, 2021
WeWork may still go public after all.
- The SoftBank-controlled provider of shared office space is reportedly in talks that could result in it being listed through a reverse merger with a blank-check company at a valuation of around $10 billion.
- If completed, such a deal would close a circuitous journey to the public markets for a company whose original IPO plans collapsed in chaos more than a year ago.
- The Wall Street Journal reported that WeWork has received offers from more than one party about a reverse merger with a special-purpose acquisition company, leading to talks with a SPAC affiliated with Bow Capital.
- WeWork has also received offers to raise a private funding round, the Journal reported. If it goes that route, it would remain a private company.