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The Independent UK
The Independent UK
Business
Holly Williams

Shawbrook fires gun on London IPO with £1.92 billion valuation

Shawbrook London BC Partners Pollen Street Capital
Shawbrook said it aims to raise £50 million through the sale of new shares (Alamy/PA) - (Alamy/PA)

Small business lender Shawbrook Group has kicked off this year’s biggest UK stock market flotation with a £1.92 billion valuation.

The group said so-called conditional dealings launched on October 30 would see shares priced at 370p each, in the middle of its expected range, while unconditional dealing will begin on Tuesday November 4.

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