Trade lender Shobrook has revealed schemes for potential stock market listing London In increasing another reception for the city’s equity markets.
The private equity-supported firm confirmed that it was considering “an early public offering” to listed it on the London Stock Exchange.
Previous reports have indicated that the company can be priced up to £ 2 billion.
The small business lender was previously listed in London, but has been owned by BC Partners and Parag Street Capital since 2017.
This said that it hopes that its released share capital will have a free float of at least 10%.
Shobrook said that the float would be expected to improve its profile and brand recognition, as well as help to provide access to a wide range of sources of capital.
Marselino Castrilllo, Chief Executive Officer of Business said: “Looking forward, we are as excited as we have ever been.
“We have achieved the real scale and our current markets are large and growing, supported by attractive tailwinds.
“We also see an important opportunity for new types of customers to bring Shobrook’s offer.
“An IPO will mark an important milestone in our journey.”
Listing is the latest positive signal for London’s stock markets after a decrease in listing activity in the last two years.
However, after the float plan tinned tuna firm Princess, he revealed plans for his own London IPO last week.
Meanwhile, the beauty tech group – the owners of the beauty gadget brands currentbody, ZIP Beauty and TRAI laser – inaugurated its nearly £ 300 million float on Friday.