WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO

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WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO
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WeWork shares rose in their trading debut via a SPAC deal, two years after the company's IPO fell apart and its founder resigned

Shared-office company has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19

In 2019, the We Co.'s IPO was postponed after the company announced it would withdraw its request to go public. Here's a look at the company's business model and why some investors were eyeing the risk. Photo: David 'Dee' Delgado/Bloomberg

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