Metro Bank begins stock exchange trading

Metro Bank begins stock exchange trading




Conditional dealings in Metro Bank shares began on the London Stock Exchange today.

Conditional dealings in Metro Bank shares began on the London Stock Exchange today.

The news follows last week’s announcement that the challenger bank had raised £400m in equity capital from new and existing shareholders.

Based on a share price of £20, the bank said it expects to be valued at around £1.6bn on commencement of conditional dealings.

Craig Donaldson, Chief Executive of Metro Bank, said: "Our journey began just five years ago with a vision of a revolution in British banking.

“We have risen from a start-up to become one of Britain's leading challenger banks by creating fans of our customers.

“A public listing is the next natural step for Metro Bank, providing us with access to the capital markets which will enable us to further our growth and continue the revolution in British banking."

Unconditional trading in Metro Bank shares – or when the bank’s shares become officially listed and trade on the main market of the London Stock Exchange – is expected to take place on 10th March. 

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