(Reuters) – British office space provider IWG Plc ( IWG.L ) is planning to list its U.S. arm in New York for three billion pounds ($3.68 billion), Sky News reported on Saturday.
IWG’s Chief Executive Officer Mark Dixon is holding talks with investment banks on creating an independent unit, which is expected to be a publicly traded rival to WeWork, Sky News said.
Regus’s owner had put forth a condition to bankers that it will only hire them if they have no involvement in WeWork’s initial public offering (IPO), the report added.
Reporting by Maria Ponnezhath in Bengaluru; Editing by Helen Popper
LINK ORIGINAL: Reuters