Shared office space company WeWork's owner, The We Company, on Wednesday se...
FILE PHOTO: The WeWork logo is displayed outside a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo
Ark will have an initial investment of about $2.9 billion, with $1 billion from Ivanhoé Cambridge, a unit of Canada-based investor, CDPQ. WeWork, which was valued at about $47 billion in a private fundraising round in January, is currently heading toward what may be the year’s largest IPO after ride-hailing firm Uber.
But its unprofitable operations, similar to Lyft Inc and Uber, have refuelled investor concerns over the unicorn’s ability to flourish in an uncertain economy.
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