In The Loop: WeWork's 2nd IPO Attempt Raises Questions; The Executive Centre, And infinitSpace

"WeWork's new strategy for going public is beginning to have uncomfortable echoes of the disastrous initial public offering attempt that tanked its value in 2019," Bisnow reported this week. According to the report, in promoting its deal with BowX Acquisition Corp., the coworking company has used projections and financial projections that are reminding investors of the metrics Adam Neumann used to push WeWork's 2019 IPO attempt. WeWork is presenting projections based on 100% occupancy for locations and including locations and members from China and India—which have been spun off and are not part of the entity trying to go public.