Overview
- Conditional dealings began on 30 October, valuing the lender at about £1.92 billion, with unconditional trading due on 4 November.
- The stock traded up roughly 6.3% to 393.43p by mid-morning during early conditional dealings.
- Shawbrook is raising about £50 million in new equity, including roughly £25 million for retail investors, alongside a £348 million sell-down by BC Partners and Pollen Street Capital equal to about 18.1% of the share base.
- The bank reported an £18.3 billion loan book at the end of September and is targeting around £30 billion by 2030.
- The company was taken private in 2017 by its current owners, and an attempted flotation earlier this year was delayed after tariff-driven market swings.