After a two-year rollercoaster to get to the public markets, WeWork said it expects its SPAC deal to go through in late October.
Shareholders of BowX, the SPAC planning on merging with WeWork to take it public, will vote on the deal on October 19 and it's likely WeWork shares would start trading under the WE ticker on October 21, according to Bloomberg.
WeWork had previously filed to go public in 2019, but the IPO collapsed and CEO Adam Neumann was ousted from the company. In March 2021, WeWork announced it had agreed to a SPAC merger at a reduced valuation of $9 billion, instead of the $47 billion IPO that had been anticipated two years prior.