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Starling Bank Weighs US Listing as It Eyes East Coast Bank Deal

Starling prioritizes US expansion over a rushed IPO with new Delaware operations, a US SaaS arm, East Coast acquisition talks.

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Starling Bank, valuation, UK

Overview

  • CFO Declan Ferguson said the bank has not formed a concrete view on listing venue and is in no rush to go public
  • The shift marks a reversal of former CEO John Mountain’s declaration that London was Starling’s “natural home” for an IPO
  • Starling has registered a Delaware subsidiary and launched Engine by Starling in the US to showcase its banking technology
  • The bank is exploring acquiring an East Coast lender with about $2 billion in assets to strengthen its American footprint
  • Peer Wise moved its primary listing to the US in June to tap deeper liquidity and gain inclusion in major US indices