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Home News

IWG Considers Breaking Itself Up

Aayat AlibyAayat Ali
September 27, 2021
in News
Reading Time: 1 min read
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IWG Considers Breaking Itself Up
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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.

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.

Tags: Businessdaily_digest
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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