Revamped WeWork rises in Nasdaq debut


The office-sharing firm WeWork made a robust Wall Street debut on Thursday, two years after a earlier try disintegrated in spectacular style.

Shares of the enterprise, revamped with new company leaders, shot up almost 10% to $11.39 shortly after noon, giving it a market worth of about $9 billion.

The surge comes two days after shareholders from a specialpurpose acquisition firm, or SPAC, known as BowX voted to merge with WeWork.

Shares commerce on Nasdaq below the ticker “We.”

Identified initially for catering to younger freelancers, WeWork has turned its focus extra in the direction of firms of greater than 500 staff on the lookout for area in city facilities.

Source link

HostGator Web Hosting


Please enter your comment!
Please enter your name here