IWG is considering breaking itself up into various companies in order to build more value for shareholders.
According to Mark Dixon, founder and CEO of IWG, the sum of the operator’s parts is worth over £2.9 billion.
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IWG is considering various ways of breaking itself up, including splitting its franchise businesses from its division that owns and leases space, as well as a U.S. listing of Worka, a flexible workspace comparison and booking app.
In the past, IWG has turned away from takeover bids from companies like Lone Star and Brookfield.
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The company has had an unsteady few years after the pandemic led demand for its space to dwindle. However, although its recovery has been less than anticipated, its shares are growing incrementally.
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