US spin off26 Aug 2019 09:50
You'd have thought that IWG was worth more than WW, and yet IWG are reported as looking for 1/10th of the amount that WW hopes to raise. I question if IWG are:
1. Serious about this.
2. Trying to talk down the WW valuation.
3. Looking to get themselves bought out.
It kinda sounds odd to me. I know the WW fund-raising is for the whole business, and the IWG idea is just for the US, but 60% of IWG gross profits comes from the US. AFAIK, this is not a la Japan.
Another thought: how does any US stand-alone fund-raising flow into IWG PLC, and us?
That aside, I dare say the SP will be up come Tuesday.