Shawbrook targets £2bn of market capitalisation in IPO

Core Viewpoint - Shawbrook Group is preparing for an initial public offering (IPO) with a targeted market capitalization between £1.8 billion ($2.4 billion) and £2 billion ($2.7 billion) upon its admission to the London Stock Exchange [1] Group 1: IPO Details - The IPO is expected to finalize on 4 November 2025, with share prices set between 350p and 390p [1] - The current sole shareholder, Marlin Bidco, plans to sell between 79.9 million and 81.1 million shares [2] - Shawbrook Group will issue between 12.8 million and 14.3 million new shares to raise £50 million in gross proceeds [2] Group 2: Ownership and Offer Structure - Post-IPO, public ownership of Shawbrook Group's shares is projected to be approximately 18% if the over-allotment option is not executed, increasing to around 21% if fully exercised [3] - The offering will be available to qualified institutional buyers in the US and UK-based retail investors, with a minimum application sum of £250 for retail investors [3] Group 3: Application and Advisory Details - The final deadline for retail offer applications is set for 29 October 2025 [4] - Shawbrook has appointed Ardea Partners International as its financial adviser, with Goldman Sachs International and Barclays Bank serving as joint global coordinators and joint bookrunners [4]