IPOs

WeWork shares up in NYSE debut

Friday 22 October 2021 at 12:25

WeWork shares rose on their first day of trading on 21 October, capping a journey to a listing that included the implosion of its initial public offering in 2019 and the ouster of its co-founder and chief executive, Adam Neumann.

The shared-office company went public through a combination with BowX Acquisition, a special-purpose acquisition company. Shares closed 13.5% higher at $11.78 Thursday.