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LONDON - Shawbrook Group plc (LSE:SHAW) began trading on the London Stock Exchange's Main Market on Tuesday, marking the completion of its initial public offering.
The specialist lender's entire issued share capital of 519,687,271 ordinary shares has been admitted to the Official List of the Financial Conduct Authority in the equity shares category, trading under the ticker "SHAW."
The admission follows Shawbrook's announcement on October 30 regarding its IPO plans. The company had previously published a registration document on October 6 and a price range prospectus approved by the Financial Conduct Authority.
Each share carries voting rights, with shareholders required to use the total number of shares as the denominator for calculations related to disclosure requirements under FCA rules.
Goldman Sachs International acted as sponsor, joint global co-ordinator and joint bookrunner for the offering. Barclays served as joint global co-ordinator and joint bookrunner, while Deutsche Numis, UBS and KBW participated as joint bookrunners. Ardea Partners was appointed as financial adviser to Shawbrook.
The company did not disclose the IPO price or amount raised in the statement. Shawbrook specializes in lending and savings products for UK customers.
This article is based on a press release statement from Shawbrook Group plc.
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