LSE Boosts IPOs and Access with Crowdcube Partnership and Shawbrook's £2B Float
The London Stock Exchange (LSE) has partnered with Crowdcube, enabling individual investors to invest in private firms on the same terms as securities investors. Meanwhile, Shawbrook, a specialist lender, has acquired FinTech lender ThinCats for £180 million and plans to list on the LSE as early as next week.
Shawbrook's acquisition of ThinCats comes after a successful half-year, with profits before tax increasing by 35% to £168.6 million. The acquisition sees ThinCats' CEO, Amany Attia, and managing director, Ravi Anand, leaving the business.
The LSE, which has fallen to 23rd in global IPO rankings, aims to boost its listings with Shawbrook's float. Shawbrook's private equity owner, Pollen Street Capital, is targeting a stock news-worthy £2 billion valuation for the firm. Financial support for the IPO will be provided by the owners, with the exact financiers yet to be disclosed.
Shawbrook's IPO, potentially worth £2 billion, could revitalise the LSE's IPO rankings. The LSE's partnership with Crowdcube also opens up investment opportunities for individual investors, democratising access to private firm securities.
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