Pollen Street, BC Partners consider IPO for Shawbrook Bank - report

Pollen Street and BC Partners are said to be in the early stages of discussions with investments banks, and could alternatively opt for a sale or to maintain the status quo, sources privy to the matter told Sky News.

According to Sky News, the UK-based company could achieve a valuation higher than GBP 1bn if floated or sold this year. The London Stock Exchange is the potential IPO venue under consideration, where Shawbrook previously floated with a GBP 725m valuation six years ago. The bank went private in an GBP 850m deal in 2017.

Pollen Street Capital and BC Partners had not returned a request for comment at the time of publication. Shawbrook declined to comment.

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