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Report: IWG considering spinoff of US biz

Aug 27, 2019 - SNL Real Estate Daily

Switzerland-based and London-listed coworking company IWG PLC is considering spinning off its U.S. business into a separate publicly traded company, Sky News reported, citing unnamed sources.

According to the news service, IWG CEO Mark Dixon is in talks with investment bankers regarding the move, but the company has said it will only bring on bankers if they are not involved in the pending IPO of WeWork Companies Inc. parent The We Co. Dixon has placed the value of IWG's U.S. business at a...