Overview

• The flotation is expected to value the specialist lender at about £2 billion, according to market reports.
• The deal mixes newly issued shares with a sale of existing stock by Marlin Bidco, the vehicle owned by BC Partners and Pollen Street that took Shawbrook private in 2017.
• Shawbrook reported third-quarter totals of £18.3 billion in loans and £17.6 billion in customer deposits as of September 30.
• The offer will be marketed to qualified institutional investors internationally, with UK retail access provided through RetailBook.
• Management links the listing to a growth strategy reinforced by the ThinCats acquisition and a target to expand the loan book toward roughly £30 billion by 2030, as London’s IPO pipeline shows renewed activity.