Shawbrook Group Confirms IPO Intention, Sees Strong Loan Book Growth in Q3

Shawbrook Group has confirmed plans to proceed with an initial public offering on the Main Market of the London Stock Exchange, with trading expected to begin in early November 2025.

The move would be the biggest London market listing so far this year.

The specialist lender said the IPO will include new shares to raise about £50 million in net proceeds, alongside existing shares to be sold by its current owner, Marlin Bidco Limited.

An additional 15 percent over-allotment option may also be made available. The company plans to publish its prospectus later this month, setting out the indicative price range and total offer size.

The offer will target institutional investors in the U.K. and the U.S., and retail investors in the U.K. through Retail Book Limited’s partner network. Shawbrook expects to achieve a sufficient free float to qualify for FTSE UK index inclusion after listing.

Ardea Partners has been appointed as financial adviser, with Goldman Sachs and Barclays acting as joint global coordinators and bookrunners, alongside Deutsche Bank, Stifel (KBW), and UBS.

Alongside the float confirmation, Shawbrook reported continued strong momentum in its third-quarter trading update.

The lender’s loan book rose to £18.3 billion as of 30 September 2025, up from £17.0 billion at midyear, driven by £1.5 billion in organic originations and the acquisition of ThinCats, which added £0.6 billion.

Customer deposits also grew to £17.6 billion, up from £16.7 billion at the end of June, underscoring the bank’s expanding savings franchise. Shawbrook will release full results for the nine months ended 30 September on 13 November 2025.