WeWork may reportedly delay its public listing to the fourth quarter of this year, shifting its plans to move forward with the listing in the third quarter.
The coworking firm, which is planning to go public through a merger with BowX Acquisition Corp., previously stated that the $9 billion deal would close by the third quarter of 2021.
Now, the deal could be pushed back to the end of October due to the company responding to comments from the Securities and Exchange Commission (SEC). However, another person familiar with the situation stated that WeWork may still meet its September goal.
According to a WeWork spokeswoman, the timing for listing depends on the SEC, and the government agency is seeing delays that have impacted other companies from going public over the last few months.
