British alternative lender Shawbrook has announced plans for an initial public offering in London, potentially one of the city’s largest listings in recent years.
- Purpose: Boost Shawbrook’s profile, fund growth plans, and allow Marlin Bidco (controlled by BC Partners and Pollen Street) to sell part of its stake
- Potential valuation: Up to £2 billion ($2.69 billion)
- Offering: Shares to retail and institutional investors, with a minimum 10% free float
- Future prospects: Eligible for FTSE indices, aiming to reach new customer segments
“We have achieved real scale, and our current markets are large and growing, supported by attractive tailwinds,” said CEO Marcelino Castrillo.
The listing comes amid renewed London IPO activity, following updated listing rules and recent debuts such as Beauty Tech Group and Princes.