WeWork is finally going public via a SPAC after abandoning an IPO in 2019

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The planned merger will value WeWork at around $9 billion, including debt. That’s a far cry from its $46 billion valuation in early 2019. In 2019, WeWork was the tech darling of Silicon Valley. Or at least it started the year that way. By the end of it, the company had a very public and dramatic fall –a fall that included abandoning its IPO . But today WeWork announced it is finally moving ahead with previous plans to go public–however, it will do so via a SPAC instead of an IPO, The Wall Street Journal reports . Read Full Story

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How Airbnb got its IPO plans back on track

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After the coronavirus hit the U.S., the home-sharing platform initially pulled back its ambition to go public, but it managed to file IPO paperwork with the SEC this August. It’s been a roller-coaster year for Airbnb and its much-anticipated plans for an initial public offering or IPO. The home-sharing platform had planned to file back in March to go public, but then coronavirus hit and its revenue nose-dived . Read Full Story

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Deliveroo IPO: share price range set between $5.40 and $6.38 for a valuation of up to $12 billion

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The food delivery company will use the funds it raises to expand into the hot grocery delivery market. After announcing a planned IPO earlier this month, Deliveroo has now set a price range for its shares when trading finally begins. The U.K.-based food delivery company has set a range of £3.90 to £4.60 per share ($5.40 to $6.38 USD), reports CNBC. Such a range gives the company a valuation of between £7.6 billion and £8.8 billion ($10.5 billion to $12 billion USD). Read Full Story

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Hulu’s WeWork doc tries to recapture the energy of the 2019 saga

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A lot has happened since the WeWork saga unfolded in 2019. A. Lot. But director Jed Rothstein makes a case for why his Hulu doc still matters in 2021. In fall 2019, the story of WeWork’s Icarian plummet —from the startup destined to change the way we work and live to the laughing stock of Wall Street—played out with all the drama you’d expect when at its center are a messianic CEO and a Japanese billionaire enabling his reckless whims. Read Full Story

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Best advice for tech companies going public: Keep the startup energy alive

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As Airbnb, DoorDash, Robinhood, and other tech startups head to IPO, the CEO of Okta offers 4 insights from going public 3 years ago. Despite COVID-19 slowing global IPO activity earlier this year, tech IPO season is back this fall and in full swing. Companies like Airbnb and Robinhood have made headlines recently as some of the most anticipated IPOs of 2020, and Snowflake, Asana, and Palantir just made their debut on the public market. Sometimes it feels like just yesterday that my cofounder Frederic Kerrest and I were preparing for Okta’s IPO, and all of this talk about going public resurfaced memories of that time back in 2017. Read Full Story

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