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WeWork gains 9% in long-awaited trading debut 2 years after failed IPO attempt

October 21, 2021

WeWork stock climbed in its first day of trading Thursday, two years after its efforts to launch an initial public offering crashed.

The flexible-workspace company went public through a merger with BowX Acquisition, a special purpose acquisition company, with the SPAC combination operating under the WeWork name and trading under the ticker symbol “WE”.

WE shares on the New York Stock Exchange rose 9% to an intraday high of $11.30 on Thursday after picking up from BowX’s closing price on Wednesday at $10.38 a share. WeWork stock later pared the advance to 7.9%.

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