WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO

WeWork Inc. shares rose on their first day of trading Thursday, capping a journey to a listing that included the implosion of its initial public offering in 2019 and the ouster of its co-founder and chief executive, Adam Neumann.

The shared-office company went public through a combination with BowX Acquisition Corp. , a special-purpose acquisition company. Shares closed 13.5% higher at $11.78 Thursday.