London Stock Exchange welcomes Shawbrook Group plc to the Main Market

The London Stock Exchange is delighted to welcome Shawbrook Group plc (“Shawbrook”) to the Main Market. Conditional dealings in Shawbrook’s ordinary shares on the Main Market began today under the ticker “SHAW”.

After a successful bookbuilding process, Shawbrook has today priced its IPO at a price of £3.70 per share, giving Shawbrook a market capitalisation on admission of approximately £1.92 billion.

The team celebrating on the balcony at LSEG during the welcome ceremony.

Combining scale and diversity

Shawbrook is an award-winning specialist UK bank. Through two core customer franchises – Commercial and Retail – the Group provides a diversified range of loan products to UK SMEs, experienced professional landlords and property investors, homeowners and consumers, alongside a wide range of personal and business savings products. Since 2013, Shawbrook has provided over £37 billion of funding to customers including small and medium-sized businesses to help them grow, invest and create jobs.

The Group has grown in scale and reach by operating in carefully selected markets, winning market share, entering new segments and making targeted acquisitions, underpinned by strong risk management capabilities and credit discipline.

Clear strategy to deliver next stage of growth

Admission to the Main Market in London positions the Group well for the opportunities ahead by further enhancing Shawbrook’s profile and brand recognition, broadening access to capital, and helping to continue attract, retain and reward its people.

Shawbrook is now a truly diversified business, one built on a distinctive combination of next generation digital capabilities, top talent and an entrepreneurial culture. With a growing demand for specialist funding where speed, flexibility and service matter, Shawbrook sees significant opportunity looking ahead. The Group is also well placed to play an important role in supporting economic growth in the UK – creating more homes and enabling ambitious businesses to succeed and expand.

“The strong support we have received from investors across the UK, Europe and the US, reflects the strength of Shawbrook’s proposition and the business we have built. We are proud to be listing in London – our home market – a milestone that positions us well for the opportunities ahead.

As a listed company, we will continue to invest in our platform and people, deepen our presence in chosen markets and expand selectively where we see attractive demand. Our priorities are clear: keep supporting our customers and deliver sustainable, profitable growth and long-term value for all stakeholders.”

Marcelino Castrillo
Chief Executive Officer of Shawbrook

Shawbrook Market Open Ceremony:

[Music playing in the background. Video captures from the event.] [Market open - Live from London Stock Exchange - Thusday 30th October 2025]Welcome to the London Stock Exchange. Can you feel it?The buzz of energy just before the market opens.Feels like the whole city is waiting. We love this moment.For most people, when they think of this place,they think of share prices.All those green and red numbers scrolling around the building.But behind those numbers,there are other deeper values that are just as important.The value of delivery from media to medicines,from technology to tea.Capital markets help finance the products and services thatwe use every day.The value of innovation from vaccines to batteries,breakthroughs don't come cheap.We connect great ideas to capital,helping to build a better future for everybody.And values like trust.For three hundred years,trust has been at the heart of every transaction in this city.It still is.Hence, our motto, our word is our bond.Today and every day, these are the values behind the numbers,and they're the reason that we're able to bring you moments like this.It's only seconds away now.Everyone is holding their breath.Let's not keep them waiting.It's time to hit the button and open London's market.[Music playing in the background. Video captures from the event.] Good morning, everyone. Good morning.My name is Charlie Walker.I'm the deputy CEO of the London Stock Exchange.It's an absolute pleasure to have you all here with us thismorning to celebrate the IPO of Shawbrook.I can assure you there's nothing wrong at the moment,just before everyone starts panicking.We run an auction, just before the market opens,and if the reference price, in this case three seventy,is outside of a tolerance as to where the auction will uncross,it goes into a renewed auction.So in two or three minutes,you'll see a price on the screen.Hopefully, it's an up price, but don't panic.There's no problems.And those pulses that you're seeing going through,those are live orders being reflected into the order books.We've got five or six market makers now on the books,and the market supervision team have just said that the ordersare starting to flow in very nicely.I'm particularly delighted to be welcomed here today withMarcelino Castrillo, CEO of Shawbrook,and also Lucy Rigby, the economic secretary to the treasury.Marcelino, the mic is yours.Thank you.Well, thank you, Charlie, very much for hosting us here today.It's such an special venue, special day.I thank you so much, Lucy, for joining us,making this day even more special.It's obvious stating the obvious,this is a very important day for all of us.Shopbook was founded almost fifteen years agoby our shareholders still, Poland Street Capital.And since then, we've grown into being a scaleddiversified bank and one that has lent EUR thirty sevenbillion to the U.K. Economy.And today, support zero five million customers and quite a lot ofshareholders as well, I'm pleased to say.Our customers, especially those small and medium sized companies that wesupport, are vital to the UK economy.They rely on us for flexible, accessible finance to invest,grow and create jobs.Alongside them, we help individuals and families save,borrow and plan for the moments that matter,those at the most important times of their lives.We have built Showbrook with a lot of care and a lot of workto deliver the speed, clarity and certainty that thesecustomers require and deserve.Today, we have a truly diversified business,one built on what is a very distinct combination of greattechnology, but more importantly, exceptionaltalent, but also a growth mindset thatis hardwired into the organization.Under private ownership, we've heavily invested in and we significantly,we've really much tripled the size of the business over thelast few years by deepening our presence in the markets we werein, but also entering new markets.For that, I'd like to thank our two shareholders,Poland Street Capital and BC Partners for their support and patience,especially in those moments where things maybe didn't goaccording to plan.Listening in London is a natural step for us.The U. K.Is our home, and London remains one of the world's deepest and mostinternational capital markets.Being listed in the London Stock Exchange will support thenext stage of our growth.It enhances our profile and recognition of Showbrook in allof the key markets where we operate.But it also broadens our access to a very deep pool ofcapital, and it helps us continue to attract,retain and incentivize the great talent,many of them represented here today.We have been personally very encouraged by the reception wehad across the U.K, Europe and the U. S. From very high quality institutions.We also welcome the strong engagement from retailinvestors, which has been a great surprise.And again, I really welcome the seven thousand retail investors thatwill form part of our company going forward.Looking ahead, we see a significant opportunity.There is very clear demand for the specialist funding weprovide where speed, flexibility and service matter.We continue to invest in our platform,stay very disciplined and focus on sustainable andprofitable growth.And we have the means, the will,the capacity to play our part in supporting economic growthin the UK, creatingShall I start from the beginning again?Thank you really to everyone.It's been a long process.It's been an incredibly enriching process,especially our new shareholders that we welcome today, our advisers,many of them represented here and the team at the LondonStock Exchange.But above all, to my colleagues at Schobroek, from our Board, our Chairman,my leadership team and the many people across the business whohave helped this become a truly differentiated business andalso help us get here and so far so good.But today is in the end.It's the end of the IPO process,but it's the start of a new phase of our journey.We are proud of what we have built together and excitedabout what comes next.Thank you very much.And now I'd like to introduce Lisa Rigby,economic secretary to the treasury to say a few words, please.Lisa.Thank you so much.Thank you, Marcinia,and thank you to Sherbrooke for inviting me here today to toshare in this celebration of what is a hugely significantmilestone as you as you list on the London Stock Exchange.I'm so pleased this is happening when we met.Was it five, six weeks ago we spoke?I'm so pleased this is happening.I'm so pleased to be here with you today because there's nodoubt about it, Marcelino.This what's happening today is is testament to you.It's testament to to Shawbrook and to all your team's workto build a a business which, as you say,is trusted by over half a million customers.You play a vital and a leading role in supporting small andmedium sized businesses right across the UK.And, look, I want to acknowledge also, Marcelino,something that you touched on,which is your vote of confidence in the UK's equity markets,which demonstrates not only our strength and our proud ourproud history, but also our current momentum.I was here for the the beauty tech groups listing.We had the Fermi America jewel listing as well.I think maybe something going on tomorrow.The pipeline is the pipeline is healthy,and and it's it's, you know, as I said,fantastically exciting to to be here.And one of the things, Marcelino,that really encourages me about today's listing is the fact ofyour allocation of a certain portion to retail investors,which is, of course,is something that we want to that we want to encourage.Look.Finally finally,I just want to acknowledge all the work that's gone into intotoday from the point of view of everyone that's been working on this.We know that events like this don't happenovernight, and I've got a I've got a list here.I think thanks are due to Barclays,to Goldman Sachs, Keith, Brietton Woods, Deutsche Numis,UBS, our DARE Partners, Slaughter and May,Kirkland, Linklaters, Tenneo, and Retailbook.All of you have facilitated the retail offer.And, of course, I should also mention the FCA as well as the team hereat the at the London Stock Exchange,who I know have worked incredibly hard to get thislisting over the line.So congratulations again.Marcelino, congratulations, everyone, at Shawbreak.Let's hear it again.[Video captures from the event.] Very Very good.And I meant I meant to say. And congratulations.This is the numbers are good. The numbers are good.Thank you very much.And, again, thank you, everyone, really, joining us,and we'll move on to the the next stage now.Thank you very much indeed. Luca, over to you.

Useful links

Check out what's happening at the Exchange

Looking to find out more about accessing capital?

If you'd like to find out more about accessing capital, please submit your details and a member of our team will be in touch.

By submitting this form, you agree to your personal data being shared within the London Stock Exchange Group of companies (LSEG) for the purpose of receiving communications via post, phone and electronic means from LSEG about events, resources, products, and/or services.

For more information on how LSEG uses your data, see our privacy statement. You can adjust your preferences at any time through the preference link in any electronic communication that you receive from us.