(Reuters) -British lender Shawbrook plans to raise 50 million pounds ($66.7 million) from the issue of new shares in its London initial public offering (IPO), the company said on Monday. The IPO will
Britain's Shawbrook to raise $67 million via London listing
Shawbrook's Initial Public Offering Details
(Reuters) -British lender Shawbrook plans to raise 50 million pounds ($66.7 million) from the issue of new shares in its London initial public offering (IPO), the company said on Monday.
Share Structure and Stakeholder
The IPO will also comprise of existing shares sold by its sole shareholder, Marlin Bidco.
Over-Allotment Option Explained
In addition, Shawbrook expects that up to a further 15% of the offer could be made available under an over-allotment option.
($1 = 0.7493 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sonia Cheema)
