IPOs

Shawbrook owners delay £2bn London IPO plans following Trump tariff turmoil

BC Partners and Pollen Street-owned lender is a key London IPO candidate

Shawbrook’s potential float on the London Stock Exchange has been hit by market turmoil HENRY NICHOLLS / AFP
Shawbrook’s potential float on the London Stock Exchange has been hit by market turmoil HENRY NICHOLLS / AFP

The private equity owners of Shawbrook Bank have pushed back plans for a £2bn London listing, Financial News has learned, in the first major sign that Donald Trump’s tariffs have hit the UK’s IPO market.

BC Partners and Pollen Street Capital were lining up advisers early this year with the hope of floating Shawbrook in London in the first half of 2025, subject to market conditions.

WSJ Logo