Shawbrook’s $2.7bn London IPO draws strong investor demand as BC Partners and Pollen Street plot return

Private equity firms BC Partners and Pollen Street are preparing to return Shawbrook to the public markets through a London IPO that could value the specialist lender at up to $2.7bn, Reuters reports.

Bookrunners have reported that the offering is already covered across its full price range, including the over-allotment option, indicating robust investor appetite for the deal, one of the city’s largest listings in years.

Marlin Bidco, the vehicle jointly controlled by BC Partners and Pollen Street, is set to sell between 79.9 million and 81.1 million …