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WeWork attempts to go public again, this time through a SPAC

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NEW YORK – Nearly two years after its attempted initial public offering of shares disintegrated, WeWork will go public in a merger with a special-purpose acquisition company, according to reports.

WeWork is merging with BowX Acquisition, a SPAC, in a transaction that would value the embattled communal office-space company at $9 billion plus debt, according to The Wall Street Journal.

That is far below the $47 billion valuation given the New York venture in September 2019 when WeWork's IPO imploded after massive losses were revealed in regulatory filings.

WeWork would also raise $1.3 billion, the Journal reported, citing people familiar with the matter. WeWork leases buildings and divides them into office spaces to sublet to members,

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