Overview

• The specialist bank published a registration document as it prepares to apply for admission to the London Stock Exchange main market.
• Coverage from UK business outlets reports a potential valuation of around £2 billion once the listing proceeds.
• Shawbrook expects a free float of at least 10% of issued shares, targeting eligibility for inclusion in FTSE UK indices.
• Ardea Partners is lead financial adviser, with Goldman Sachs as sponsor and joint global coordinator alongside Barclays, and Stifel, Deutsche Numis and UBS named as joint bookrunners.
• The bank, taken private in 2017 by BC Partners and Pollen Street Capital, frames the IPO as funding for growth after expanding its loan book to about £17bn and setting a £30bn target by 2030.