Renaissance Capital logo

WeWork (BowX Acquisition) Priced, NYSE: WE

Blank check company formed by Bow Capital Management to acquire a TMT business (completed 10/20/2021).

Industry: SPAC

First Day Return: +0.3%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an initial target business in any stage of its corporate evolution or in any industry or sector, we initially intend to focus our search on target businesses in the technology, media and telecommunications (“TMT”) industries. Our management team is led by Vivek Ranadivé, Chairman and Co-Chief Executive Officer, and Murray Rode, Co-Chief Executive Officer and Chief Financial Officer. The two collaborated for over 20 years on the development of TIBCO Software Inc. (“TIBCO”), a real time integration, process automation and analytics company, to grow it to over $1 billion in annual revenue when it was sold to Vista Equity Partners in 2014 for $4.3 billion. Mr. Rode subsequently ran the privately owned business as Chief Executive Officer until mid-2019. While at TIBCO, Messrs. Ranadivé and Rode oversaw the identification and acquisition of approximately 30 technology businesses. Our management team consists of seasoned investors and industry executives with an extensive track record of identifying, building, operating, advising, and investing in TMT businesses. The team also has a track record in identifying disruptive technology platforms that have the potential to transform industries.
more less
IPO Data
IPO File Date 07/17/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 42.0
Deal Size ($mm) $420
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/04/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $420
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Menlo Park, CA, United States
Founded 2020
Employees at IPO 2
Website bowcapital.com

WeWork (BowX Acquisition) (WE) Performance