Digital banking platform Shawbrook has confirmed that it will float on the London Stock Exchange and expects to join the main market of the exchange in early November.

Shawbrook will have an anticipated valuation of around £2 billion, which would make the Pollen Street Capital-owned FinTech’s IPO one of London’s biggest in recent history. The deal is expected to raise £50 million of net proceeds.

Pollen Street will sell all of its shares in the Brentwood-based company, which also released its Q3 results this morning. Its loan book increased to £18.3bn.