18 min listen
35. The WeWork Story: Failed IPOs, SPACs and Bankruptcy
35. The WeWork Story: Failed IPOs, SPACs and Bankruptcy
ratings:
Length:
75 minutes
Released:
Nov 18, 2023
Format:
Podcast episode
Description
In today's episode we use WeWork as a case study to break down SPACs, for a deeper dive into the IPO process, the bankruptcy and we explore how the world's most sophisticated venture capital and private equity investors came up with a $47bn valuation for a company when the math didn't justify it at all….In order to keep it interesting we discuss the beginning of the WeWork story through the lens of "We Crashed", the Apple TV miniseries about WeWork.starring Jared Leto and Anne Hathaway.The Apple TV Series: WeCrashedThe Failed IPO:1. Scott Galloway Blogs (No Mercy No Malice)https://www.profgalloway.com/wewtf/https://www.profgalloway.com/wewtf-part-deux/2. Aswath Damodaran DCF (Musings on the Market)https://aswathdamodaran.blogspot.com/2019/09/runaway-story-or-meltdown-in-motion.html3. WSJ Article Sept 2019https://www.wsj.com/articles/this-is-not-the-way-everybody-behaves-how-adam-neumanns-over-the-top-style-built-wework-11568823827SPAC1. BowX Acquisition Corp S-1https://www.sec.gov/Archives/edgar/data/1813756/000121390020020580/f424b40720_bowxacq.htm2. WeWork SPAC Marketing Documentshttps://www.wework.com/ideas/wp-content/uploads/sites/4/2021/03/WeWork-Management-Presentation-March-2021-vF-1.pdfFollow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/
Released:
Nov 18, 2023
Format:
Podcast episode
Titles in the series (69)
1. Welcome to The Wall Street Skinny: Two Ex-Bankers on a Mission to Demystify the Finance Industry by The Wall Street Skinny