Serviced office provider IWG could become the next big departure from the London Stock Exchange.
The board of the FTSE 250 company, which has a market value of £1.5bn, has confirmed it is looking at switching its reporting currency to dollars and adhering to US accounting standards.
Moving its listing from London to New York is also under consideration, said Mark Dixon, IWG’s founder, although it was not imminent, he added.
“Most of our customers, most of our users and most of our revenues are from the US,” he said.
“It’s not that there’s a problem with the UK market – it’s that the US may be a more appropriate market.”
