This morning, Shawbrook Group has announced plans to float on the Main Market of the London Stock Exchange in a move that could value the business at around £2 billion.
If the IPO proceeds, it is expected that the offer would include new shares issued by the company and a sale of existing shares by the company’s existing sole shareholder, Marlin Bidco.
From December 2013 to June 2025, the Group has grown its loan book from £1.4 billion to £17.0 billion.
Shawbrook acquired The Mortgage Lender in 2021, followed by Bluestone Mortgages in 2023.
The Group now aims to almost double the size of its loan book to approximately £30 billion by the end of 2030.
Shawbrook says the IPO plans would "drive incremental growth through optimising its existing product suite and expansion into new markets and adjacent product ranges".
The Group says it has a number of expansion opportunities it is currently considering across its franchises, including further development of specialist products in its existing markets (for example, finance products to support the development of co-living spaces), supporting its SME client base for longer, optimising its existing product suite and entering into adjacent markets (such as transactional banking and flexible working capital solutions).
Marcelino Castrillo, CEO of Shawbrook Group, commented: “When Shawbrook was founded, we saw that large parts of the UK economy were unable to access the capital needed to grow. Since then, we have created a scaled and diversified banking platform, combining next generation technology with deep human expertise, that makes us uniquely placed to provide our customers with the flexibility, speed and certainty they need.
"The strength of our platform has enabled us to deliver a long track record of sustainable, profitable growth through a wide variety of macro conditions. We have transformed the size of our loan book as we've won share, entered new markets and expanded our capabilities through strategic acquisitions; we have built a trusted and attractive savings proposition that provides us with a stable and scalable funding base; and the significant investment in our digital platform provides excellent risk management capabilities and strong operating leverage.
"Looking ahead, we are as excited as we have ever been. We have achieved real scale, and our current markets are large and growing, supported by attractive tailwinds. We also see a significant opportunity to bring Shawbrook's offering to new types of customers. The entrepreneurial spirit that has driven our growth remains at the heart of how we operate and we have ambitious plans for the future. An IPO would mark an important milestone in our journey.”
