Shawbrook Group Eyes London IPO

Shawbrook Group, a UK digital banking platform, has announced its intention to pursue an initial public offering (IPO) on the Main Market of the London Stock Exchange.

The company said it intends to publish a registration document, marking a significant step in its evolution.

Shawbrook has demonstrated substantial growth, expanding its loan book from £1.4 billion at the end of 2013 to £17.0 billion by June 30, 2025. This expansion has been coupled with a compound annual growth rate (CAGR) of 30% in underlying profit before tax.

The digital banking platform has achieved a 20% median adjusted return on tangible equity during the same period.

Shawbrook explained that its business model focuses on carefully selected market segments, including structured credit for businesses, mortgages for professional landlords and homeowners with complex income profiles, and motor finance.

Shawbrook estimates its total addressable market (TAM) at approximately £296 billion in loan stock. As of December 31, 2024, the Group estimates that it had an average market share of its TAM of approximately 5 per cent. of loan stock and 7 per cent. of new lending flows.

Technology forms a core part of Shawbrook's operations, supported by investments since 2017. The company states it has transformed into a digitally enabled bank, driving growth with low incremental costs.

The company has also pursued value-accretive mergers and acquisitions, including the recent acquisition of ThinCats Group Limited, a FinTech specialist lender to SMEs, completed on September 30, 2025. Shawbrook aims to almost double its loan book to approximately £30 billion by the end of 2030.