Source: Sharecast
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.