After the drought, here comes the rain. Well, more of a light drizzle actually, but three flotations or float announcements in the space of a few days will be a relief for the parched London Stock Exchange.
The biggest is Shawbrook, a bank focused on buy-to-let mortgages and lending to small businesses. It was taken off the market in 2017 by a pair of private equity firms, BC Partners and Pollen Street, and should now return by the end of the year with a likely £2bn-ish valuation.
