Slaughter and May is advising Shawbrook on its initial public offering

Slaughter and May is advising Shawbrook Group plc (“Shawbrook”) on its initial public offering of Shawbrook’s ordinary shares.

Shawbrook is a high-growth, high-return UK digital banking platform. Since its founding, Shawbrook has built scale and a diversified product suite in carefully selected market segments, from structured credit facilities for both fast-growth and established businesses to mortgages for professional landlords, property investors, and individual homeowners with more complex income and credit profiles, as well as motor finance in the specialist mass market and high-end luxury segments, all underpinned by underwriting excellence, data-driven risk management, and next generation technology.

The offer price was set at 370 pence per ordinary share, giving Shawbrook a market capitalisation of approximately £1.92 billion at the commencement of conditional dealings on the London Stock Exchange on 30 October 2025. Admission of the ordinary shares to the equity shares (commercial companies) category of the Official List is expected to occur on 4 November 2025, with unconditional dealings in the shares commencing on the same day.

The offer comprises a primary offer of new shares issued by Shawbrook, to raise £50 million of gross proceeds, together with a secondary offer of existing shares sold by Shawbrook’s existing sole shareholder, Marlin Bidco Limited, equating to a total offer size of £348 million.

Slaughter and May worked as part of an integrated team with Shawbrook’s legal team, as well as Cravath, Swaine & Moore LLP, advised on matters of US law.