Specialist Bank Shawbrook floats on London Stock Exchange

Shawbrook Group has floated on the UK stock markets with a £1.92 billion valuation. The Group provides a diversified range of loan products through two core customer franchises – Commercial and Retail. The commercial arm of the business lends to small and medium sized businesses including professional landlords and property investors, whilst the retail arm offers products to homeowners and consumers.

Admission to the Main Market in London raises Shawbrook’s profile globally, and helps to continue to attract, retain and rewards its people. Shawbrook said it aims to raise £50 million through the sale of new shares.