WeWork debuts on the New York stock exchange
After a commercial alliance with BowX Acquisition Corp, the firm reached Wall Street and began trading on the stock market under the symbol WE
WeWork was successfully listed on the New York Stock Exchange and listed on Wall Street, under the symbol WE, after announcing its business combination with special-purpose acquisitions company BowX Acquisition Corp.
WeWork is currently in charge of offering spaces to satisfy the growing demand for “flexible solutions” that has allowed the company, in the third quarter of 2021, to increase its monthly income sequentially.” It has demonstrated the resilience of the business model and its strong long-term value proposition.”
Additionally, the company is focused on visualizing the new opportunities in the environment to diversify the market and increase income through the digitization of its real estate offers and the commercialization of its technological solutions.
Thus, as of the third quarter of this year, the membership that offers access to all WeWork locations globally, All Access, achieved 32,000 acquisitions.
Marcelo Claure, Executive President of WeWork and Sandeep Mathrani, CEO of the company who will be digesting the company during the execution of its strategic plan stated: “As our way of living and working changes, WeWork leads a of the biggest disruptions in the real estate industry with space solutions that have never been so in demand.”
New times
The Covid-19 pandemic definitely changed the world and the way of relating to work. The most repeated question in the virtual corridors of all companies is the need to physically return to the offices or continue with the home office.
Faced with this scenario, the hybrid model – some days people will attend the office and complete the work week at home – is gaining prominence and in this context WeWork, the rental office giant, opens four strategic locations that they bet on this new labor flexibility.
The company is looking for its balance in the roots that made it grow and the new reality. Offering work areas adaptable to the needs of its users, with care and sanitary protocols according to the new times. It evidences that the company adjusted its business model to adapt to the demand in all markets where it has a presence, like Asia, Europe and the United States.
M.Rodríguez
Source: iproup.com
