Israeli IPOs and acquisition deals of technology firms soared by 55% to a whopping $15.4 billion in 2020, as the average deal size more than tripled.
The company intends to list its shares on the New York Stock Exchange under the symbol “LMND”, it said in a filing with the U.S. Securities and Exchange Commission.
WeWork, whose parent We Company lost $1.9 billion in 2018, had hoped to raise at least $3 billion in the abandoned IPO and borrow a further $6 billion in a loan from banks.
The company was valued at the beginning of the year at $47 billion, but that figure has fallen to about $15 billion.
As the day wore on, it was clear that stocks and share prices were on the rise with share sales closing on Thursday at $39.90.