Shawbrook Set for £2bn London IPO After Positive Stock Market Activity
Shawbrook, a prominent business lender, is set to return to the London Stock Exchange with a potential initial public offering (IPO). The move follows a string of positive developments in the city's stock market activity, including planned floats by Princes and Beauty Tech Group. The IPO could value Shawbrook at up to £2 billion.
Shawbrook was previously listed in London but was taken private by BC Partners and Pollen Street Capital in 2017. Now, the company aims to improve its profile, brand recognition, and access to wider sources of capital through the IPO. Marcelino Castrillo, Shawbrook's CEO, expressed excitement about the company's prospects and the potential IPO.
The company plans to have a free float of at least 10% of its issued share capital after the listing. This move is expected to enhance liquidity and attract a broader range of investors.
Shawbrook's IPO, which could value the company at around £2 billion, is a significant step in its growth journey. The move is set to improve the company's profile, brand recognition, and access to capital, positioning it for future expansion.
