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WeWork Gains 17% After Public Listing

WeWork Inc. (WE) shares are rising more than 15 percent on Friday morning after public listing on Thursday, completing a $9 billion merger with special purpose acquisition company BowX Acquisition Corp. (BOWX).

The stock debuted at $11.28 and closed at $11.78 on a volume of 11,619,700. Today morning the shares opened at $13.35 and have been on an uptrend.

Currently, shares are at $13.67, up 15.87 percent from the previous close of $11.78 on a volume of 5,684,032. For the 52-week period, the shares have traded in a range of $8.85-$14.97 on average volume of 839,200.

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