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WeWork Goes Public, Finding a Warmer Reception This Time

  • Shares finally begin trading on NYSE under ticker symbol WE
  • Losses mount, but company forecasts free cash flow in 2022
Sandeep Mathrani, chief executive officer of WeWork, on the floor of the New York Stock Exchange on Oct. 21.
Sandeep Mathrani, chief executive officer of WeWork, on the floor of the New York Stock Exchange on Oct. 21.Photographer: Michael Nagle/Bloomberg
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A lot has changed since WeWork Inc. first tried to go public: a new leader, fewer employees, a global pandemic. One thing that remains the same: It still loses money.

In fact, at $2.98 billion, the loss in the first half of this year is three times wider than in the same period in 2019. Still, investors were more welcoming this time around. The stock was up 13% at the close of trading Thursday.