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Shawbrook targets up to £2bn valuation in London IPO

Shawbrook said on Tuesday that it was targeting a valuation of £1.8bn to £2bn in its London listing.

Source: Sharecast

The lender, which confirmed its intention to float on the main market of the London Stock Exchange earlier this month, announced a price range of 350p to 390p.

Shawbrook said that its sole shareholder, Marlin, is expected to sell between 79.9m and 81.1m existing shares and the company is expected to issue and allot between 12.8m and 14.3m new shares to raise £50m of gross proceeds.

In addition, up to a maximum of 14.1m shares may be sold pursuant to an over-allotment option, Shawbrook said.

Russ Mould, investment director at AJ Bell, said: "Pre-IPO chatter speculated the lender could get up to a £2bn valuation, so the IPO price range is not out of kilter with market expectations.

"This is one of the most significant IPOs on the UK market in 2025 as it is a decent size business. A successful listing could show London is still capable of attracting new names of scale and not simply tiddlers."

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