IWG surges after raising £315m of growth capital

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By Aidan Gregory
28 May 2020

Shares in IWG, the London-listed operator of serviced offices and co-working spaces, rose by 15% on Thursday after the company successfully tapped investors for £315m to fund growth once the Covid-19 global pandemic subsides.

IWG, formerly known as Regus, sold 133.9m new shares in total, a 15.4% capital increase, through an accelerated bookbuild launched after the market close on Wednesday evening. At the final offer price of 239p, the transaction priced at an 8.1% discount to the close on the day.

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