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WeWork listing
WeWork is set to go public in 2021 after its 2019 IPO plans were put on hold. Now, the company is going public through the special purpose acquisition company (SPAC), BowX Acquisition Corp. Learn more in this guide.
Call +41 (0) 58 810 77 42 to talk about opening a trading account. We’re here from Monday to Friday from 9am to 6pm.
Contact us: +41 (0) 58 810 77 42
WeWork listing
WeWork is set to go public in 2021 after its 2019 IPO plans were put on hold. Now, the company is going public through the special purpose acquisition company (SPAC), BowX Acquisition Corp. Learn more in this guide.
Call +41 (0) 58 810 77 42 to talk about opening a trading account. We’re here from Monday to Friday from 9am to 6pm.
Contact us: +41 (0) 58 810 77 42
Why trade WeWork’s listing with us?
With us, you can trade the WeWork SPAC, BowX Acquisition Corporation, before it acquires WeWork and takes the company public. Once the merger is complete, you’ll be able to take a position on the WeWork share price with derivatives like CFDs.
Trade the WeWork SPAC before the merger
Open a position on BowX Acquisition Corporation, the SPAC that WeWork is merging with
Trade WeWork shares after the merger
Go long or short on the WeWork share price with CFDs
How to trade WeWork shares
Before WeWork goes public
Take a position on BowX Acquisition Corporation before the company acquires WeWork.
Once BowX Acquisition Corporation has completed the takeover, your existing BowX Acquisition Corporation shares will automatically be converted into WeWork shares.
After WeWork goes public
Take a position on the WeWork share price from the day of the merger. You can speculate on rising and falling share prices with CFDs.
Trading WeWork shares
Trading WeWork shares with us means that you’ll be speculating on the stock’s future price movements using CFDs. These derivatives enable you to speculate on rising and falling prices without owning the underlying asset.
With CFDs, you’ll be trading with leverage, which lets you receive full market exposure for an initial deposit. Trading with leverage can magnify your profits, but it can also magnify your losses – so it’s important to take steps to manage your risk.
WeWork listing: what you need to know
The WeWork listing is set to happen through a SPAC merger. A special purpose acquisition company has no commercial operations and is designed with the specific purpose of raising funds through an IPO by merging with or acquiring an existing business. WeWork is merging with BowX Acquisition Corporation.
This is WeWork’s second attempt at going public. The company’s IPO plans in 2019 didn’t pan out due to a lack of investor interest, which was fuelled, in parts, by concerns over financial losses and corporate governance. WeWork is now looking to list in Q3 of 2021 through its merger agreement. However, the deal is subject to BowX shareholder approval and other conditions. WeWork has been valued at $9 billion ahead of its listing.
WeWork SPAC deal vs IPO: what’s the difference?
A SPAC deal is also sometimes known as a reverse takeover or merger. Before acquiring a private company, SPACs raise money from the public market. Below are some of the key differences between a SPAC deal and an IPO.
Special purpose acquisition company (SPAC) deal
- The SPAC goes public first before the merger happens. The private company then becomes publicly-listed by merging with the SPAC
- SPACs enable a company to go public quicker as most of the groundwork – like fulfilling regulatory requirements or raising funds – has already been laid
- The deal is signed with the SPAC sponsor at a fixed price that has been negotiated before the announcement of going public
- The deal is made with one party only
Initial Public offering (IPO)
- The private company goes public independently via the traditional IPO process
- IPOs can be time-consuming and costly. The private company raises money, organises the IPO and pays for it
- The announcement is made first – negotiations on the size and target share price of the listing happen after
- Capital is raised through deals with several parties
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How do IPOs work?
IPOs work by having a company listing its shares on the open market, where market participants can buy and sell the shares. The company will decide how many shares it wants to offer, and an underwriter – usually a bank - will decide on the initial price of the stocks based on supply and demand.
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FAQs
How can I stay up to date with the WeWork IPO?
You can stay up to date with the WeWork IPO if you sign up to our IPO mailing list.
Who set up WeWork?
Adam Neumann and Miguel McKelvey set up WeWork in 2010. The business is headquartered in New York, and currently has workspaces in more than 118 cities across the world.
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1Based on revenue excluding FX (published financial statements, October 2020).
