WeWork's plan to go public by a merger with special acquisition company BowX Acquisition Corp. boasts a value of $9 billion. Given an expected $1.3 billion in cash planned to fuel growth plans, it's a positive turn for the flex office provider.
But some are raising their eyebrows and questioning whether the deal is also good for investors.
Shares in BowX had been trading roughly between $10 and $11, according to data from S&P CapitalIQ. Ever since the March 26 announcement, they reached a 52-week high of $13.93. But now shares are under $12 again and the market cap is $718 million.
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