Streetbeat News

IWGFF

IWG plc

https://www.iwgplc.com/

CEO

Mark Dixon

Industry

Commercial Photography

Open

2.19

Mkt cap

2.2B

Volume

100

High

2.19

P/E Ratio

-12.17

52-wk high

2.63

Low

2.19

Div yield

0.01

52-wk low

1.76

IWG Plc, a provider of flexible office solutions, is considering a U.S. stock market listing to align its valuation with tech giants like Uber and Airbnb. The company, known for Regus office spaces, is transitioning to report in dollars and adopting U.S. GAAP standards, reflecting its earnings generation in the region. CEO Mark Dixon highlighted the move as part of IWG's growth strategy and adaptation to post-pandemic work trends. Despite efforts to reposition as a tech-forward platform, IWG faces investor skepticism, partly due to the lack of direct competitors for valuation benchmarking.

Portfolio Pulse from Akanksha Bakshi

March 05, 2024 | 2:15 pm

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