Shawbrook Group plc has priced its initial public offering (IPO) at 370 pence per share, giving the specialist bank an implied market capitalisation of approximately £1.92bn at the start of conditional dealings on the London Stock Exchange.
The offer will raise £50m in gross proceeds from the issue of 13.5 million new shares, with a further 80.5 million existing shares sold by the current shareholder, Marlin Bidco Limited, taking the total offer size to £348m, or 18.1% of the company’s share capital on admission.
An additional 14.1 million shares are available under an over-allotment option.
Conditional dealings in Shawbrook shares will begin today (30th October) under the ticker SHAW, with full admission to the Main Market expected at 8am on 4th November 2025.
The IPO attracted strong interest from institutional investors in the UK, Europe, and the US, as well as UK retail investors through Retail Book Limited’s platform network.
Around 6.8 million shares, worth approximately £25m, were allocated to retail participants.
Marcelino Castrillo, chief executive officer of Shawbrook Group, said: “The strong support we have received from investors across the UK, Europe and the US reflects the strength of Shawbrook’s proposition and the business we have built.
“We are proud to be listing in London – our home market – a milestone that positions us well for the opportunities ahead.
“We have built scale across diverse, attractive markets and, following significant investment under private ownership, are well placed to keep growing as we support UK businesses and households.”
Castrillo added: “As a listed company, we will continue to invest in our platform and people, deepen our presence in chosen markets and expand selectively where we see attractive demand.
“Our priorities are clear: keep supporting our customers and deliver sustainable, profitable growth and long-term value for all stakeholders.”
