WeWork is getting more complex as it readies for an IPO, but its problem remains simple. rob_cyran
The We Company, which owns shared-office firm WeWork, said on May 15 it had formed a real-estate investment platform to buy and develop commercial property worldwide.
The unit, called ARK, will have initial total equity capital of $2.9 billion, of which $1 billion is from a unit of Canadian investment firm Caisse de dépôt et placement du Québec. WeWork Property Advisors, an investment adviser affiliated with The We Company and private-equity firm Rhone, will combine with ARK. ARK will be chaired by Steven Langman, a managing director at Rhone and a member of The We Company’s board.
The We Company filed for a U.S. initial public offering in April. It was valued at around $47 billion in a private fundraising round in January.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber IPO: 5 things you need to know about the biggest IPO in yearsUber Technologies Inc. moved a step closer to a mammoth initial public offering on Friday.
Read more »
WeWork owner starts $2.9 billion platform to invest in real estateShared office space company WeWork's owner, The We Company, on Wednesday se...
Read more »
Uber drivers' strike takes off in front of company headquarters ahead of $90 billion IPORideshare drivers across the world are boycotting Uber for as long as 24 hours today, demanding fare increases and lower commissions paid to Uber.
Read more »
Uber is sliding after its IPO, and Main Street trader who struggled to invest dodged a bulletUber may rise significantly from its IPO price of $45, but the typical retail investor will struggle to buy in at the IPO price.
Read more »
Questions Persist About About Uber’s Profits—And Its Stocks Fall FurtherWhen the market closed, Uber shares were trading well below the original IPO price.
Read more »
'Our stock did not trade as well as we had hoped': Read the reassuring email Uber's CEO sent employees following its disastrous IPOCEO Dara Khosrowshahi sent a letter to employees after Uber's messy IPO last Friday, comparing the road ahead to what Amazon and Uber faced post-IPO.
Read more »
Uber IPO: Inside The 2008 Pitch That Birthed An $80 Billion Startup \nIts best-case scenario was $1 billion in revenue and next steps were to raise a few million. Uber's 2008 pitch deck shows just how much Uber has grown since its initial vision as a competitor to taxis.
Read more »
Uber IPO: Inside The 2008 Pitch That Birthed An $80 Billion Startup \nIts best-case scenario was $1 billion in revenue and next steps were to raise a few million. Uber's 2008 pitch deck shows just how much Uber has grown since its initial vision as a competitor to taxis.
Read more »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company.
Read more »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company.
Read more »