WeWork will become a publicly traded company on Thursday after a spectacular collapse during its first attempt to do so two years ago.WeWork is emerging more than a year into a pandemic that closed millions of square feet off office space and the hope is that a work environment turned upside down is the ideal time for a company that sells shared workspace to thrive.WeWork leases buildings and divides them into office spaces to sublet to members, which include small businesses, start-ups and freelancers who want to avoid paying for permanent office space. But over time, its operating expenses became exorbitant and it relied on repeated cash infusions from private investors.
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