Specialist lender Shawbrook eyes IPO on London Stock Exchange

Core Viewpoint - Shawbrook Group, a UK-based specialist lender, is considering an initial public offering (IPO) on the London Stock Exchange to enhance its market presence and access to capital sources [1][4]. Group 1: Company Overview - Shawbrook's loan book has significantly expanded from £1.4 billion ($1.8 billion) in 2013 to £17 billion by mid-2025 [1]. - The lender aims to nearly double its loan book to around £30 billion by the end of 2030, referred to as the '30 by 30 Target' [2]. - The company has completed 24 acquisitions to date, including the recent purchase of ThinCats Group [2]. Group 2: Financial Performance - Shawbrook reported a statutory profit after tax of £119.5 million for the first half of the year, up from £94 million in the same period the previous year [2]. Group 3: IPO Details - Shawbrook has engaged Ardea Partners International as its financial adviser and Goldman Sachs International as the sponsor, joint global coordinator, and joint bookrunner for the IPO [3]. - Barclays Bank will also serve as a joint global coordinator and joint bookrunner, with Stifel Nicolaus Europe, Deutsche Bank AG, London Branch, and UBS AG acting as joint bookrunners [3]. - The proposed IPO aims to support the retention of key personnel and broaden access to diverse capital sources [4]. Group 4: Market Context - CEO Marcelino Castrillo highlighted the opportunity for Shawbrook to serve new types of customers, emphasizing the growth potential in the current markets [5].