Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
WeWork is taking a new approach in an effort to go public, but some of the facets that led to the demise of its 2019 IPO attempt are starting to reemerge.
This time, the coworking firm is merging with a special purpose acquisition company (SPAC) BowX Acquisition Corp., choosing a less rigorous path compared to the IPO process.
In a call with investors, BowX’s chairman described WeWork as a $5 billion revenue company, but this is more of a projection as the company is still recovering from the pandemic’s hit.
Prior to its IPO, the Securities and Exchange Commission told WeWork it had to alter its profit and growth measures. According to Minor Myers, a law professor at the University of Connecticut who specializes in corporate finance, “the SEC could push back hard again” if the company doesn’t pait a more realistic picture of its financial standing.
