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Shawbrook shares jump after biggest UK company IPO on LSE in two years
Shawbrook aims to raise £50 million through new shares and sell £348 million held by private equity, planning to nearly double its loan book by 2030.
- On October 30, small business lender Shawbrook Group kicked off this year's biggest UK flotation with a £1.92 billion valuation, starting conditional dealings at 370p before unconditional trading on Tuesday November 4.
- Owned since 2017 by BC Partners and Pollen Street Capital, Shawbrook Group’s listing followed aborted 2022 exit attempts and early April 2025 float plans derailed by market volatility.
- At the end of September, Shawbrook Group reported its loan book grew to 18.3 billion from 17 billion at June 30 and aims to almost double it to about 30 billion by 2030.
- The listing bolsters the London market by providing a further boost amid a bounce-back in flotations after a dearth in recent years and includes sales of £348 million of shares by BC Partners and Pollen Street Capital.
- Looking ahead, Shawbrook Group will continue investing and expanding, with Marcelino Castrillo stating, `We are proud to be listing in London, our home market.
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Shawbrook’s £1.9 billion IPO marks major boost for London listings
Shawbrook Group has launched conditional trading on the London Stock Exchange, valuing the specialist lender at around £1.92 billion. The move marks the UK’s largest flotation of the year and a significant moment for the capital’s IPO market after a period of subdued activity. The Essex-based bank has set its offer price at 370 pence […]
Coverage Details
Total News Sources15
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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