WeWork may now be able to go public by merging with a SPAC. Apparently, it had not been successful effectuating an IPO earlier. SPACs, of course, frequently are an alternative to an IPO. There are also examples of company targets that are not able to complete a transaction with a SPAC, but are later successful conducting an IPO. When the Company target is a startup or otherwise not producing revenue, it is often necessary to have committed PIPE financing available to make the SPAC transaction viable. 

We at Mintz pride ourselves on helping companies decide which is the better route. Indeed, we have a great deal of experience in both areas.