IWG plc

Exiting the capital

  • Sectors : Business Support Services
  • Companies : IWG plc

Ratings and price correct at time of issue.

  • IWG plc

    Closing Price: 340p

  • RATING 01/04/21

  • PREVIOUS RATING N/A

DAVY VIEW

As global leader in the flexible office/coworking space, IWG looks to be in pole position to gain from economic recovery and the industry shake-out we have seen over the last 12 months. Following the initial bounce-back, the next decade should see a leaner, more efficient IWG benefit from the structural growth that follows, driven by larger company contracts and where value-creation can be cemented by further franchise agreements. We initiate with an ‘Outperform’ rating.

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Apr 1 2021, 06:50 IST/BST

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