<
p>After recently enhancing its product range, Shawbrook Bank has announced the price of its IPO which is set to raise the market capitalisation of the bank to £725 million.
The bank achieved a successful pricing of its IPO of 75 million Ordinary Shaes at 290 p per share.
The offer is expected to raise £90 million in gross proceeds for the firm.
On Tuesday, Shawbrook Bank’s Commercial Mortgages division announced changes to its short-term loan (STL) product range.
The challenger bank is splitting its heavy refurbishment product (STL6) into three separate products to give brokers a more clearly defined heavy refurbishment product offering.
Also this week, Managing Director of Commercial Mortgages at Shawbrook Bank, Stephen Johnson, has shared his views in a number of informative videos.
Within the in-depth video Stephen provides his insight into a number of current hot property topics including, investing in HMOs, What are the main risks for investors in 2015 and cautious lending means a more sustainable property market.
An expert in property, Stephen also discussed Shawbrook’s own traditional, human approach to lending to experienced investors.
Click on the links below to watch Stephen give his views on the property market. Or view the videos on the B&C homepage.
• Investing in HMOs Click here
• Main risks for investors in 2015 Click here
• Cautious lending means a more sustainable property market Click here.
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After recently enhancing its product range, Shawbrook Bank has announced the price of its IPO which is set to raise the market capitalisation of the bank to £725 million… .
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