“An IPO could value Shawbrook at as much as 2 billion pounds ($2.69 billion” “The bank's private equity owners had previously explored a number of deals with rival lenders over the past two years, including Metro Bank and Co-op Bank” Good news for London, but the truth is that many UK companies are still choosing to list on foreign exchanges to achieve higher valuations. https://lnkd.in/epZFrS_H #Shawbrook #exitstrategy #IPO #exitlaunchpad
Shawbrook’s done well to survive consolidation attempts. The listing gives them the capital to keep growing.
This could be a turning point if the IPO performs well. The London market really needs a few strong stories right now.
One IPO doesn't solve the bigger issue. UK valuations are still lagging global peers.
Finally, some positive IPO news for London. It’s been a quiet couple of years for listings.
Good to see a UK challenger bank going public rather than being absorbed into a bigger one.
Let’s hope this sparks more UK listings instead of more takeovers.
It’s ironic as London was once the global IPO hub, and now UK companies go abroad for better multiples
Private equity opted for an IPO rather than another merger. Maybe valuations are making sense again.
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5dCurious to see whether investors will be more cautious after Metro’s troubles.