Digital lender Shawbrook plans to go public in London’s largest IPO this year, potentially valuing the company at £2 billion. The IPO would consist of new and existing shares with a free float of at least 10%. Shawbrook was taken private in 2017 for £868 million, with plans to return to public markets in 2022.

London Stock Exchange has seen minimal listings this year, with only three on the main market by Sept. 30. Recent IPOs include The Beauty Tech Group at £300 million market cap and Princes announcing intentions to list. Visma, backed by Hg, is preparing for an IPO next year potentially valuing the business software provider at $20 billion.

The UK government is working to attract companies to its exchange by simplifying listing rules. Chancellor Rachel Reeves is meeting with IPO candidates this week to promote the London Stock Exchange. Companies like Gymshark, OakNorth, and Starling are reportedly among those being courted.

Read more at Morningstar: Private Equity-Backed Lender Shawbrook Eyes London IPO