WeWork, one of the best-known coworking companies in the world, will try for the second time to reach the stock market in the United States.

This time, to ensure the success of the transaction, the firm announced a merger with BowX Acquisition, a special purpose acquisition company (SPAC).

According to a statement issued by the company, WeWork will have an initial market value of $ 9 billion. Within this framework, the operation will grant the firm up to 1.3 billion dollars in cash, resources that will allow it to pay for its growth plans.
W eWork's foray into the stock market is anticipated in the third quarter of 2021.

The transaction will be driven by an investment of $ 1.2 billion, of which $ 483 million will come from the BowX trust trust; in addition to a private investment of $ 800 million, action led by leading investors, including Insight Partners, funds managed by Starwood Capital Group, Fidelity Management & Research Company LLC, Centaurus Capital and funds and accounts managed by BlackRock.

What happens in the corporate market of Mexico City?
Due to its privileged location in Mexico City, the corporate real estate brokers of Insurgentes, Polanco and Reforma have maintained a positive demand until before the health emergency caused by COVID-19 in the first quarter of 2020.

According to an analysis by the Solili platform, at the end of 2020, the office market in Mexico City closed with a 3% increase in its inventory, a rate lower than that reported in previous years.

Vacant spaces increased 0.90% compared to 4Q 2019. The corridor with the highest availability of offices in Insurgentes, followed by Polanco and Reforma.

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