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WeWork Agrees to SPAC Deal That Would Take Startup Public
- thedudeabides5 6y agoRaised $20b in funding to go public at $9b. https://www.crunchbase.com/organization/wework/investor_financials https://www.crunchbase.com/organization/wework/investor_fina...
- quux 6y agoPress release from WeWork: https://www.wework.com/ideas/newsroom-landing-page/newsroom/posts/wework-to-become-publicly-traded-via-spac-merger-with-bowx-acquisition-corp https://www.wework.com/ideas/newsroom-landing-page/newsroom/...
- downrightmike 6y agoSo I see SPACs as worse than junk bonds, ripe for pump and dump. Can anyone give evidence otherwise?
- mchusma 6y agoOverall, they seem to be a better "bundle" than the IPO of capital and going public. You know exact dilution and capital raised, lower regulatory burden, but are expensive for companies. Direct listings are more price optimal. It's traditional IPOs that don't make much sense to me anymore. More burden & more uncertainty than SPACs + higher cost than direct listings.