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The office-sharing firm WeWork made a robust Wall Road debut on Thursday, two years after a earlier try disintegrated in spectacular style.
Shares of the enterprise, revamped with new company leaders, shot up practically 10% to $11.39 shortly after noon, giving it a market worth of about $9 billion.
The surge comes two days after shareholders from a specialpurpose acquisition firm, or SPAC, referred to as BowX voted to merge with WeWork.
Shares commerce on Nasdaq beneath the ticker “We.”
Identified initially for catering to younger freelancers, WeWork has turned its focus extra in direction of corporations of greater than 500 workers searching for house in city facilities.
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