View more on these topics

Shawbrook Bank valued at £725m in IPO

Shawbrook Bank has priced its initial public offering at 290 pence per share, valuing the bank at £725m.

The offer will raise £90m through the sale of 75 million shares.

Shawbrook is a specialist savings and lending bank offering buy-to-let, bridging and commercial loans with all lending arranged through brokers.

It was founded in 2011 by David Johnson when it rebranded from Whiteaway Laidlaw Bank.

Shawbrook chief executive Richard Pyman says: “We are delighted that our IPO has been successfully received by investors.

“Our focus remains on providing UK customers with a fresh, pragmatic approach to lending and savings whilst driving further growth by maximising opportunities in existing markets, capitalising on the embedded growth in our current loan book and developing a range of products to facilitate expansion into adjacent segments.”

Money Marketing reported in February 2014 that Shawbrook was targeting an IPO.

The move comes after Virgin Money launched its shares on the LSE in November.

Aldermore Bank was valued at £651m in its IPO last month, after shelving initial plans for a launch in October following a period of declining global equity markets.


FCA logo new 2 620x430

Experts raise comparison site concerns ahead of FCA protection study

Comparison sites look set to come under scrutiny in the FCA’s upcoming review of non-advised protection sales, according to industry experts. In its 2015/16 business plan published last month, the regulator announced it will undertake a market study into non-advised sales of investment and protection products between July and September this year. It says: “We […]


Providers report surge in capped drawdown demand

There is a last minute surge of people opening capped drawdown contracts as advisers rush to take advantage before the April deadline, new data reveals. Sipp provider Suffolk Life has seen a 250 per cent increase in the number of people entering capped drawdown, compared to normal levels. It says over 150 people a week […]


Labour promises cross-government taskforce to tackle pension scams

A Labour government would launch a cross-government taskforce to tackle pension scams if elected in May, according to shadow work and pensions secretary Rachel Reeves. Responding to a Daily Mail investigation into the sale of savers’ data, Reeves says that while Labour welcomes the incoming pension freedoms, it will look to protect savers from fraudsters and […]


John Cridland to step down as head of CBI

CBI director general John Cridland is to leave the business lobbying group after five years in the role. The CBI has appointed recruitment agency Odgers Berndtson to find a successor. Cridland’s contract is due to expire in January. He told the FT he had always intended to follow the lead of his predecessors and serve […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm