The specialist lender’s stock traded at 395.7 pence per share as of 12:34 p.m. in London, 7% above the IPO price of 370 pence. The offering raised a total of £348 million ($459 million), mostly for Shawbrook’s owners, with the bank itself gaining £50 million.
The IPO was priced in the middle of its earlier marketed range, helping the debut. It’s the largest float in London by a domestic firm since 2021 and ...