IWG Share Price

Reports of CVC Capital Partners approaching IWG PLC sent its shares soaring during yesterday’s trading session, surging by more than 25 per cent. However, in today’s trading session, the IWG share price has opened with a huge gap-down of over 20 per cent. At press time, the intraday trading session has seen prices surging, bringing its total price loss to less than two percentage points. According to the reports, the CVC Capital Partners expressed interest in IWG’s digital arm, The Instant Group, in a deal that could end up costing about £1.5 billion. According to sources, the approach was triggered by Tim Rodber, The Instant Group's chief executive, who has been marketing the business to a number of private equity firms in recent weeks. The Instant Group has already shown interest in going through with the sale of their business and has approached Wells Fargo to advise them on the potential disposal. If the deal goes through, the IWG will be able to generate more money than its current market value, which could further see its share price soaring again. If successful, the sale will also come at a time when the IWG value has halved year-to-date and was in a strong bearish trend before yesterday's surge that changed its trajectory. IWG Share Price Analysis As seen above, the IWG surge during yesterday’s trading session was largely triggered by the possibility of the company selling its digital arm for £1.5 billion. Based on the chart below, the IWG share price was also in a long-term bear move before yesterday’s spike. However, the current deal with CVC will likely change the IWG price trajectory to the upside if it goes through. Therefore, there is a high likelihood that we might see IWG share price trading above the 200p price level in the next few trading sessions. However, a trade below the 150p price level will invalidate my long-term bullish analysis. IWG Daily Chart

Market	Status	Analysis
BTCUSD	Pending	View
ETHUSD	Pending	View
EURUSD	Profitable	View
NAS100	Pending	View
USOIL	Pending	View
XAUUSD	Profitable	View

Top Online Brokers Recommended Brokers June 2023
Visit site 68% of retail investor accounts lose money when trading CFD’s with this provider.
Visit site Your capital is at risk.
Visit site

IWG Share Price Surges as CVC Makes £1.5 Bln Digital Arm Offer