Shawbrook reportedly eyeing potential £2bn London IPO in 2025
UK-based savings and lending bank Shawbrook is reportedly eyeing up a potential initial public offering (IPO) on the London stock exchange in the first half of 2025 at a valuation of around £2 billion, according to Sky News.
Shawbrook is reportedly targeting a £2 billion valuation
Sky News reports that Goldman Sachs is close to being appointed to oversee a potential public listing of the firm, noting that other investment banks may also join the effort soon, though its sources add that a final decision around a possible IPO has yet to be made and will depend on market conditions.
Shawbrook declined to comment on the matter when contacted by FinTech Futures.
Founded in 2011, Shawbrook offers a range of loan products for small and medium-sized enterprises (SMEs) as well as mortgages, personal loans, and savings accounts. The company claims to serve over 425,000 customers, employs nearly 1,600 people, and boasts a £10.5 billion loan book.
Last year, Shawbrook inked a deal with nCino to automate its loan origination and portfolio management processes.
Should the company go ahead with a potential IPO, the news may come as a boost to the London stock exchange following Swedish BNPL giant Klarna’s decision in November to list in the US rather than the UK.
