The private equity-backed firm confirmed it is “considering an initial public offering (IPO)” to list on the London Stock Exchange. Reports suggest the company could be valued at up to £2 billion.
Marcelino Castrillo, Shawbrook’s chief executive, said:
“Looking ahead, we are as excited as we have ever been. We have achieved real scale and our current markets are large and growing, supported by attractive tailwinds.
We also see a significant opportunity to bring Shawbrook’s offering to new types of customers. An IPO would mark an important milestone in our journey.”
Shawbrook, which was previously listed in London, has been owned by BC Partners and Pollen Street Capital since 2017. The lender expects to have a free float of at least 10% of its issued share capital.
The proposed IPO is expected to enhance Shawbrook’s profile and brand recognition while providing access to a wider range of capital sources.
The listing is another positive development for London’s stock markets, which have seen limited IPO activity over the past two years. The announcement follows plans from tinned tuna firm Princes to float on the London Stock Exchange last week. Additionally, Beauty Tech Group, owner of CurrentBody, ZIIP Beauty and Tria Laser, launched its approximately £300 million float on Friday.
