PLEASE USE THE BUSINESS MODEL CANVAS TO ANALYSIS:

- PART (DEALER, SUPPLIER, QUALITY MANUFACTURER, AFFORDABLE QUALITY TRANSPORT ACTION, etc)

- GIVE EXAMPLES FOR EACH PART

- RECOMMENDATION

WeWork shares made their public debut on Thursday, marking a milestone for the shared workspace company after a failed initial public offering two years ago.

WeWork's stock closed at $11.78 per share in its first day of trading on the New York Stock Exchange under the ticker "WE." The listing came following a merger with the special purpose acquisition company BowX Acquisition Corporation. Shares of BowX had closed at $10.38 apiece on Wednesday.

Thedeal provided WeWorkwith gross cash proceeds of approximately $1.3 billion, and valued the company at around $9 billion. This marked a major step down from the valuation of $47 billion WeWork commanded in 2019, following an investment from SoftBank Group in the private markets.

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