Shawbrook, the challenger bank chaired by the former RBS CEO Sir George Mathewson, is launching its IPO today. The upstart lender confirmed in a regulatory statement that 75,000,000 ordinary shares would start trading at 290 pence each. This gives the company a market capitalisation of £725 million ($1.1 billion). The bank expects to raise approximately £90 million for the company.
Comment on Challenger bank Shawbrook is launching a £725 million IPO today
Lianna Brinded, Business Insider
Tue, 03/31/2015 - 11:22pm
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