The valuation gap between IWG and WeWork is bonkers according to The Times , something CEO Mark Dixon has spent the last decade or more trying to close . His most recent idea , selling the group ’s Japanese network to TKP and entering into a long - term franchising deal has finally been successful . News of the deal , which Dixon sees as the start of an evolution into and asset - lite business model , saw the company rally 24 % . Stifel said the deal implied a valuation of £ 6bn ( $ 7.8bn ) for the whole group . He’s relentlessly reinvented the business, right down to changing the company name from Regus. Japan accounts for just 10 % of revenues and now Dixon needs to prove he can do the similar deals in bigger parts of the business in America , Brazil , France and other markets reported The Times .
The valuation gap between IWG and WeWork is bonkers according to The Times , something CEO Mark Dixon has spent the last decade or more trying to close . His most recent idea , selling the group ’s Japanese network to TKP and entering into a long - term franchising deal has finally been successful . News of the deal , which Dixon sees as the start of an evolution into and asset - lite business model , saw the company rally 24 % . Stifel said the deal implied a valuation of £ 6bn ( $ 7.8bn ) for the whole group . Japan accounts for just 10 % of revenues and now Dixon needs to prove he can do the similar deals in bigger parts of the business in America , Brazil , France and other markets reported The Times .