Shares in challenger bank Shawbrook surged this morning as trading kicked off on the London Stock Exchange at 370p valuing the business at £1.92 billion, with the price hitting 400p by mid-morning.
The largest UK IPO of the year will fund further acquisitions by Shawbrook, which has bolted on 24 lending businesses since 2011.
Marcelino Castrillo, Chief Executive Officer, said: “The strong support we have received from investors across the UK, Europe and the US, reflects the strength of Shawbrook’s proposition and the busine… You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below…