Announcement of Price Range
Shawbrook sets IPO price range at 350-390p per share, targeting £1.8-2.0bn market capitalisation.
- IPO price range 350-390 pence per share
- Estimated market capitalisation £1.8-2.0 billion
- New shares to be issued 12.8-14.3 million
- Existing shares to be sold 79.9-81.1 million
- Gross proceeds from new shares £50 million
- Public float (if over-allotment not exercised) approximately 18%
Select text to share a quote on X · sign in to keep highlights & notes in your SHAW notes
Neither this announcement, nor anything contained herein, nor anything contained in the registration document published by Shawbrook Group plc (the "Company" and, together with its subsidiaries, the "Group" or "Shawbrook") on 6 October 2025 (the "Registration Document") shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement or the Registration Document except solely on the basis of the information contained in the price range prospectus approved by the FCA (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, which is expected to be published by the Company later today in connection with the proposed offer of ordinary shares in the Company ("Shares") and the proposed admission of such Shares to the Official List of the FCA in the equity shares (commercial companies) category and to trading on the Main Market for listed securities of the London Stock Exchange plc (the "London Stock Exchange"). A copy of the Prospectus published by the Company will, when published, be available for inspection on the Company's website at https://www.shawbrook.co.uk/investors/, subject to certain access restrictions.
Shawbrook Group plc
Announcement of Price Range
Following its confirmation of intention to float announcement on 13 October 2025, Shawbrook Group plc today announces the price range for its planned initial public offering (the "IPO" or the "Offer"), and its intention to publish a Prospectus, which is expected to take place later today.
The Company intends to apply for admission of its ordinary shares to the equity shares (commercial companies) category of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange (together, "Admission"). Admission is currently expected to occur on 4 November 2025.
Offer highlights:
| • | The price range for the Offer has been set at 350 to 390 pence per Share, implying an estimated market capitalisation at Admission of between approximately £1.8 billion and £2.0 billion. |
| • | Pursuant to the Offer, the Company's existing sole shareholder, Marlin Bidco Limited, (" Marlin "), is expected to sell between 79.9 million and 81.1 million existing Shares and the Company is expected to issue and allot between 12.8 million and 14.3 million new Shares to raise £50 million of gross proceeds. In addition, up to a maximum of 14.1 million existing Shares may be sold pursuant to an over-allotment option. |
| • | Immediately following Admission, it is expected that approximately 18 per cent. of the Shares will be held in public hands (within the meaning of UKLR 5.5 of the Listing Rules) if the over-allotment option is not exercised, and approximately 21 per cent. of the Shares will be held in public hands if the over-allotment option is exercised in full (in each case excluding treasury shares). |
| • | Any additional details in relation to the Offer will be disclosed in the Prospectus which is expected to be published later today. |
| • | The final offer price in respect of the Offer will be determined following publication of the Prospectus and subject to the completion of a book-building process and is currently expected to be announced on 30 October 2025. |
| • | In connection with the Offer: |
| • | the Company has agreed to lock-up arrangements for a period of 180 days from Admission; |
| • | Marlin has agreed to lock-up arrangements for a period of 180 days from Admission; |
| • | the Company's Chief Executive Officer and Chief Financial Officer, as well as the other members of the Company's Executive Committee, have agreed to staggered lock-up arrangements for a period of two years from Admission, with 50 per cent. of the shares to which those lock-up arrangements apply released after one year; and |
| • | the Company's Non-Executive Directors (although they do not currently hold interests in Shares) and certain other senior employees of the Group have agreed, or will agree, to lock-up arrangements for a period of one year from Admission, |
which, in each case, will be summarised in further detail in the Prospectus.
| • | The Company has engaged Ardea Partners International LLP as financial adviser, Goldman Sachs International as Sponsor, Joint Global Coordinator and Joint Bookrunner, Barclays Bank PLC as Joint Global Coordinator and Joint Bookrunner, and Deutsche Bank AG, London Branch (trading as Deutsche Numis), Stifel Nicolaus Europe Limited (trading as KBW) and UBS AG, London Branch as Joint Bookrunners. |
Slaughter and May is acting as legal adviser to Shawbrook.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.