Overview
- Shares were priced at 370p, giving the specialist lender a valuation of about £1.92 billion.
- Conditional dealings opened on October 30 with the stock up roughly 6%–7% to around 395p, with unconditional trading due to start on November 4.
- The offering combines about £50 million of new shares with a £348 million sell-down by BC Partners and Pollen Street Capital, representing roughly 18.1% of the group, including around £25 million sold to retail investors.
- The debut is the largest UK flotation of 2025 so far, pushing Shawbrook’s market value above £2 billion in early trading.
- Shawbrook reported a £18.3 billion loan book and £17.6 billion in deposits at end-September, and it targets loan growth toward about £30 billion by 2030.