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Shawbrook Group to list on London market

(Sharecast News) - Shawbrook Group is set to return to the London market, the specialist lender confirmed on Monday, in what could be one of the City's biggest listings so far this year. The differentiated UK digital banking platform said an initial public offering would support its "ambitious" growth plans as well as enabling its owners to realise part of their investment.

Shawbrook, which lends to small and medium-sized companies, was taken private in 2017 by private equity firms BC Partners and Pollen Street Capital in an £868m deal

Marcelino Castrillo, chief executive, said: "We have achieved real scale, and our current markets are large and growing, supported by attractive tailwinds. We also see a significant opportunity to bring Shawbrook's offering to new types of customers.

"An IPO would mark an important milestone in our journey."

Although no pricing details were provided, the Financial Times said an IPO could reportedly value Shawbrook at up to £2bn.

In 2024, underlying pre-tax profits came in at £294m while the loan book grew 16% to £15.2bn.

BC and Pollen Street reportedly considered listing Shawbrook earlier this year, but deferred plans after Donald Trump's erratic trade policies upended global markets.

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