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WeWork shares expected to start  trading in late October

Shares are likely to start trading October 21 after vote on SPAC deal.

WeWork

WeWork is expected to have its shares start trading in October.

Image: Marco Verch, via Flickr

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.

Biz Carson

Biz Carson ( @bizcarson) is a San Francisco-based reporter at Protocol, covering Silicon Valley with a focus on startups and venture capital. Previously, she reported for Forbes and was co-editor of Forbes Next Billion-Dollar Startups list. Before that, she worked for Business Insider, Gigaom, and Wired and started her career as a newspaper designer for Gannett.

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