WeWork, an American commercial real estate company, went public via a SPAC merger with BowX Acquisition, a special purposes acquisition company, in a $9bn deal. WeWork received approximately $1.3bn, including a fully committed $800m private placement investment with key investors including Insight Partners, funds managed by Starwood Capital Group, Fidelity Management & Research Company, Centaurus Capital, and BlackRock. "SoftBank has always seen the potential in WeWork’s core business to disrupt the commercial real estate industry and reimagine the workplace. Today, we take another step towards making that vision a reality. We look forward to having BowX as our partner as we look to the next chapter," Marcelo Claure, WeWork Chairman. On October 19, 2021, BowX Acquisition announces stockholder approval of a $9bn merger with WeWork.