The Shawbrook group has launched initial discussions with potential investors in a first public offer (IPO) of the lender focused on companies, even if the city speculates on potential bank tax increases in the November budget.
Sky News learned that Shawbrook and his advisers have organized a series of drivers fishing meetings this month while its owners were deliberating the time of flotation.
BC Partners and Pollen Street Capital, investment capital companies, initially hoped to launch an registration in London in the first half of this year, before pushing this calendar until the end of 2025.
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People close to the company said on Friday that even if a flotation in the second half of the year has remained possible, the later time of Rachel Reeves’s budget meant that a stock market return in 2026 had become more and more plausible.
The Treasury refused to comment on the growing speculations according to which the Chancellor will turn to the British banking sector to fill in part of a substantial tax hole.
Pilot fishing meetings are held to pre-marketing an IPO, testing investors’ feeling to a potential agreement without the official launch of a process.
During the summer, Sky News revealed that Shawbrook was in talks to buy Thincats, a lender to medium -sized companies, in an agreement of approximately 180 million pounds Sterling.
The transaction, which was then confirmed, has fueled the expectations that Shawbrook can reach a public market assessment of more than 2 billion pounds Sterling earlier this year.
Shawbrook, which employs nearly 1,600 people, has many more than 500,000 customers.
Founded in 2011, it was created as a specialized savings and loan institution, offering loans for domiciliary renovation projects and weddings, as well as commercial and real estate loans.
In recent years, he has explored a series of important corporate transactions, including mergers with or control of competitors, including Metro Bank, Starling Bank and the cooperative.
BC Partners and Pollen Street have equal issues in Shawbrook, with its management team which also has a minority.
The bank is headed by Marcelino Castrillo, Managing Director.
Shawbrook and Pollen Street both refused to comment.