(Bloomberg) — IWG Plc is preparing to make a final call on pursuing a stock market listing in the US as the company seeks to persuade investors it should be valued more like tech darlings Uber Technologies Inc. or Airbnb Inc.
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The London-listed flexible office company has switched the currency in which it reports to dollars and is reviewing adopting US GAAP accounting standards to reflect the fact that most of its earnings are generated in the region, according to a statement Tuesday. The group, which owns the Regus serviced office brand, will likely make an “announcement regarding the company’s intentions” on whether to adopt GAAP during the first half of this year, it said.
IWG would join an exodus of companies choosing to list in the US. While no final decisions have been taken, the company is likely to opt for a single listing, according to Chief Executive Officer Mark Dixon. That could be a blow for…
