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Shawbrook Group PLC on Thursday announced the pricing of its initial public offering and the launch of conditional dealing, kicking off the biggest UK stock market flotation this year. The company said its offer price during conditional dealing has been set at 370 pence per share, implying a market capitalisation of approximately £1.92 billion. Shawbrook said it aims to raise £50 million from the issue of 13.5 million new shares, as well as 80.5 million shares sold by Marlin Bidco Ltd, Shawbrook’s existing sole shareholder. The offer price was in the middle of its expected range of 350p to 390p per share. This offer will be made to institutional and retail investors. Shawbrook will raise approximately £25 million from the sale of 6.8 million shares to retail investors as part of the listing. Unconditional dealing on the London Main Market will begin on Tuesday next week. The Essex, England-based digital banking platform, founded in 2011, specialises in mortgages for professional landlords, property investors, and individual homeowners, as well as motor finance. The lender’s offer comes amid an uptick in flotations in London, providing a further boost following a decline in recent years. Shawbrook has been owned by BC Partners and Pollen Street Capital since 2017, when they took the then London-listed group private. Chief Executive Marcelino Castrillo 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. ‘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.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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