May 15 (Reuters) - WeWork owner The We Company on Wednesday launched a $2.9 billion investment acquisition platform, ARK, to buy and develop commercial property around the world.
Ivanhoé Cambridge, a unit of Canada-based investor CDPQ, will also provide capital to support the platform, The We Company said. (reut.rs/2JMBbq1)
WeWork was valued at about $47 billion in a private fundraising round in January, as it heads towards what may be the year’s largest IPO after ride-hailing firm Uber. (Reporting By Aparajita Saxena in Bengaluru; Editing by Shounak Dasgupta)