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WeWork goes public through SPAC, 2 years after failed IPO attempt

The office-leasing company scrapped plans for an IPO in 2019 after investors' concerns over its business model and corporate governance and its founder and former CEO Adam Neumann

Photo: Reuters
Photo: Reuters

Shares of WeWork jumped 8 per cent in early trading on Thursday, as the company went public through a special purpose acquisition company over two years following its failed IPO.

The stock is up more than 5 per cent.

The office-leasing company scrapped plans for an IPO in 2019 after investors’ concerns over its business model and corporate governance and its founder and former CEO Adam Neumann.  Things have rebounded in recent months, WeWork executives said.