UK-based bank Shawbrook is set to launch an initial public offering (IPO) in London during the latter part of 2025.

Valuation and Partners

The lender aims to achieve a valuation of around GBP 2 billion, as reported by sources familiar with the matter. This plan follows reduced progress due to market turbulence earlier in 2025. Currently owned by BC Partners and Pollen Street Capital, Shawbrook has decided to add more investment banks to its advisory team in preparation for the IPO.

UK’s IPO Market

An IPO by Shawbrook, acquired by its current owners in 2017, could bolster London’s capital markets. The first half of 2025 witnessed a sharp decline in fundraising on the London Stock Exchange, with only five listings raising GBP 160 million over the initial six months.

Initially announced in January 2025, BC Partners and Pollen Street Capital were close to appointing Goldman Sachs for supervision. A dual-track approach to exit was also being pursued, with Barclays potentially considered as an advisor. Nonetheless, these plans could depend on market conditions.

Other IPO Plans

In addition to Shawbrook, Guaranty Trust, the parent company of a Nigerian bank, has recently announced its intention to list in London following the sale of GBP 110 million worth of shares. With an estimated value close to GBP 1.3 billion, Guaranty Trust aims to be the first Nigerian financial services firm to obtain a secondary listing in London.