Britain's Shawbrook to raise $67 million via London listing

266

Oct 13 (Reuters) – British lender Shawbrook plans to raise 50 million pounds ($66.7 million) from the issue of new shares in its London initial public offering (IPO), the company said on Monday. The IPO will also comprise of existing shares sold by its sole shareholder, Marlin Bidco. In addition, Shawbrook expects that up to a further 15% of the offer could be made available under an over-allotment option. ($1 = 0.7493 pounds) (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sonia Cheema)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)