Shawbrook Group plc has successfully priced its IPO at 370 pence per share, valuing the specialist lender at approximately £1.92 billion as it began trading this morning.
The listing marks a major milestone for the company, which focuses on serving UK businesses and consumers across specialist lending markets.
The IPO follows significant growth and investment during its period under private ownership by Marlin Bidco Limited, which is ultimately backed by private equity firms BC Partners and Pollen Street Capital.
The firm’s loan book rose to £18.3bn as of 30th September 2025, up from £17bn three months earlier, supported by approximately £1.5bn in organic originations and by the acquisition of the ThinCats group, which contributed a further £600 million.
The company’s savings division also continued to perform, with customer deposits increasing to £17.6bn from £16.7bn at the end of June.
It comes as the Brentwood-based business targets loan book growth to £30bn by 2030.
“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,” said Shawbrook chief executive, Marcelino Castrillo.
“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.”
The IPO comprises the issue of 13.5m new shares, raising £50m in gross proceeds, alongside the sale of 80.5m existing shares by Marlin Bidco, for a total offer size of approximately £348m.
This represents around 18.1% of Shawbrook’s issued share capital on admission.
Conditional dealings in Shawbrook shares begin today under the ticker SHAW, with unconditional dealings and full admission to the FCA Official List and Main Market expected to take place at 8am on Tuesday.
All dealings before that date will be conditional and of no effect unless admission takes place.
The successful IPO marks Shawbrook’s return to public markets after nearly a decade of private ownership and comes as a welcome boost for London after a subdued year.