UK’s Shawbrook Set to Price £348 Million IPO in Middle of Range

Shawbrook Group Plc is set to price its London initial public offering at the middle of its marketed range, putting it on track to raise about £348 million ($464 million).

The specialist lender and its owners are expected to price the offering at £3.70 apiece, in the middle of the £3.50 to £3.90 price range, according to terms seen by Bloomberg.

The Essex-based firm is set to start trading on the London Stock Exchange on Thursday under the symbol “SHAW”.

The offering comes amid an uptick in activity for London after years of muted volumes. It will mark a return ...