Linklaters advises banks on Shawbrook’s landmark £1.92bn London IPO

Linklaters has advised the underwriting banks on UK digital banking platform Shawbrook’s £348m initial public offering (IPO), the largest listing on the London Stock Exchange so far this year. At the offer price, Shawbrook’s market capitalisation was approximately £1.92bn.

Shawbrook is a differentiated UK digital banking platform offering a broad range of lending and savings products. This landmark listing signals renewed optimism in London’s public markets.

The Linklaters team was led by Global Co-Heads of Equity Capital Markets Pam Shores and James Wootton, and Corporate Counsel Asad Ahmed.

Pam Shores, Global Co-Head of Equity Capital Markets at Linklaters, comments:

We are delighted to have advised the underwriting banks on Shawbrook’s successful initial public offering. This landmark listing on the London Stock Exchange signals renewed momentum and confidence in London’s public markets.

This follows Linklaters recently acting as English counsel to the banks on the $682m IPO of American energy and AI infrastructure company Fermi – the first concurrent dual listing on Nasdaq and the London Stock Exchange for 27 years. The firm also recently advised the banks on Verisure plc’s €13.7bn IPO, the largest-ever European private-equity backed IPO.