Following the announcement of the price range published on 21 October 2025 in connection with its initial public offering (the "IPO" or the "Offer"), Shawbrook Group plc today announces the successful pricing of its IPO at 370 pence per Share (the "Offer Price").
Based on the Offer Price, Shawbrook's market capitalisation will be approximately £1.92 billion at the commencement of conditional dealings on the Main Market for listed securities of the London Stock Exchange at 8:00am on 30 October 2025.
Marcelino Castrillo, Chief Executive Officer, said:
"The strong support we have received from investors across the UK, Europe and the US, reflects the strength of Shawbrook's proposition and the business we have built. We are proud to be listing in London - our home market - a milestone that positions us well for the opportunities ahead.
"We have built scale across diverse, attractive markets and, following significant investment under private ownership, are well placed to keep growing as we support UK businesses and households.
"As a listed company, we will continue to invest in our platform and people, deepen our presence in chosen markets and expand selectively where we see attractive demand. Our priorities are clear: keep supporting our customers and deliver sustainable, profitable growth and long-term value for all stakeholders."
Offer Highlights:
- The Offer Price has been set at 370 pence per Share, implying a market capitalisation at thecommencement of conditional dealings of approximately £1.92 billion.
- The Offer comprises 13,513,513 new Shares to raise £50 million of gross proceeds, and 80,493,537existing Shares being sold by the Company's existing sole shareholder, Marlin Bidco Limited.1
- This equates to a total offer size of £348 million and represents approximately 18.1 per cent. of theCompany's issued share capital on Admission.1
- Up to an additional 14,101,057 Shares are being made available by Marlin Bidco Limited pursuant to theover-allotment option. Immediately following Admission, the Company's issued share capital will be519,687,271 Shares.
- The Offer was made to qualified institutional buyers in the United States in reliance on Rule 144A underthe United States Securities Act of 1933, as amended (the "Securities Act") and to certain institutionalinvestors in the United Kingdom and elsewhere in the United States in reliance on Regulation S underthe Securities Act.
- The Offer was also made to retail investors resident and physically present in the United Kingdom only(in reliance on Regulation S under the Securities Act) through Retail Book Limited's partner network ofinvestment platforms, retail brokers and wealth managers, subject to such partners' participation in theOffer (the "Retail Offer"). Of the 94,007,050 Shares sold in the Offer, 6,756,757 Shares will be soldthrough the Retail Offer, raising approximately £25 million.
