Shawbrook Bank Ltd is planning to float its shares on the London stock market, eight years after being taken private.
The UK-based digital bank said it intends to publish a registration document today, the first step toward a potential listing.
Shawbrook said an IPO would support its next stage of growth, enhance its brand profile, and broaden access to capital.
The offer is expected to include both new shares and stock sold by its private equity owners, BC Partners and Pollen Street Capital, who completed a takeover in the summer of 2017. A free float of at least 10% is planned.
Chief executive Marcelino Castrillo, who has held the reins since 2021, said: "The strength of our platform has enabled us to deliver a long track record of sustainable, profitable growth through a wide variety of macro conditions."
He added: "our current markets are large and growing, supported by attractive tailwinds. We also see a significant opportunity to bring Shawbrook's offering to new types of customers. The entrepreneurial spirit that has driven our growth remains at the heart of how we operate and we have ambitious plans for the future. An IPO would mark an important milestone in our journey."
Shawbrook currently has a loan book of £17 billion and is looking to grow this to £30 billion by 2030. It provides lending for SMEs and larger businesses, provides mortgages for professional landlords and property investors, as well as providing motor finance.
Recent acquisitions include the purchase of ThinCats, a specialist SME lender, completed in September 2025, one of 24 M&A transactions completed since 2011.
Ardea Partners, Goldman Sachs, Barclays, Stifel, Deutsche Bank, and UBS are acting as advisers and bookrunners.