https://www.vox.com/recode/2021/3/26/22352084/wework-spac-ipo-public-stock-market

The troubled co-working company, now valued at $9 billion, is riding the SPAC boom to the public markets.

A year and a half after its failed IPO attempt, WeWork is finally going public. Instead of trying a traditional IPO again, the troubled coworking outfit is using a different financial maneuver: merging with a special purpose acquisition company, known as a SPAC. The deal, which values WeWork at $9 billion including debt, represents a bit of closure for a company that has had a rollercoaster few years, going from a tech darling valued at $47 billion to a cautionary tale. It also highlights just how frenzied the SPAC rush has become.