UK bank Shawbrook prepares to launch IPO within days, FT reports

Shawbrook Bank Set to Launch IPO in Coming Days, Reports Indicate

Shawbrook's Initial Public Offering Details

(Reuters) -British lender Shawbrook is preparing to kick off its long-awaited initial public offering within days, the Financial Times reported on Wednesday.

Market Context and Implications

Shawbrook's IPO will be a boost to the UK's capital markets, as a growing number of companies have either shelved plans to list in London, exited the market altogether, or aimed to better capitalise on stronger foreign markets by demoting their London listing and upgrading their IPOs elsewhere.

Key Players in the IPO

Private equity owners of Shawbrook will debut the float in the coming days and it could come as early as Thursday, the FT report said, citing three people familiar with the matter.

Financial Overview and Expectations

Reuters could not immediately verify the report. Shawbrook declined to comment.

BC Partners and Pollen Street Capital, which own Shawbrook, are eager to press ahead with the IPO before financial information and due diligence on the company are out of date, the report said.

FT added that Goldman Sachs and Barclays are leading the IPO plans, with Deutsche Bank, Stifel and UBS advising.

In July, FT reported that Shawbrook had been weighing a potential 2 billion pound ($2.70 billion) IPO in London this year. 

($1 = 0.7421 pounds)

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Alan Barona)