BowX Acquisition Corp.
BOWXU
NASDAQ Global Select11.18
USD
+1.06
- -
CIK
0001813756
ISIN
US1030852057
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
11.47
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Vivek Ranadivé
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2400 Sand Hill Road Menlo Park CA United States of America
- IPO Date
- Aug 5, 2020
- CIK
- 0001813756
- Website
- bowcapital.com
- Similar Companies
- Business
- BowX Acquisition Corp is a special purpose acquisition company (SPAC) formed in 2020, headquartered in Menlo Park, California. The company was established to facilitate mergers, stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations, with an initial focus on businesses within technology, media, and telecommunications sectors. BowX does not have significant standalone operations but serves as a vehicle for business combinations. In 2021, BowX Acquisition Corp completed a reverse merger with WeWork Inc., a leading global provider of flexible workspace solutions. This transaction valued WeWork at approximately $9 billion and provided $1.3 billion in cash to support its growth. Post-merger, WeWork operates as a publicly traded company with a comprehensive portfolio that includes flexible office space leasing; workspace management technology; pay-as-you-go and subscription-based products such as All Access; and strategic partnerships with major real estate and service providers to digitize and expand its real estate offerings globally. The merger also marked a major strategic shift, positioning WeWork as a leader in the flexible office space market with enhanced financial backing and operational capabilities, aimed at capitalizing on the growing demand for flexible work environments worldwide. BowX’s leadership included industry veterans Vivek Ranadivé and Murray Rode prior to the merger closing in Q4 2021. The combined entity focuses on serving enterprises, landlords, and flexible workspace users across North America, Europe, and Asia, leveraging technology-driven space management solutions and a vast network of flexible work locations. BowX Acquisition Corp effectively ceased independent operations following this merger, with WeWork continuing under the ticker "WE" on the New York Stock Exchange.