British office space provider IWG plans £3 billion U.S. float - report

(Reuters) - British office space provider IWG Plc is planning to list its U.S. arm in New York for three billion pounds ($3.68 billion), Sky News reported on Saturday.IWG's Chief Executive Officer Mark Dixon is holding talks with investment banks on creating an independent unit, which is expected to be a publicly traded rival to WeWork, Sky News said.Regus's owner had put forth a condition to bankers that it will only hire them if they have no involvement in WeWork's initial public offering..