Metro Bank LSE IPO

Overview:

• Metro Bank has undertaken an IPO on the LSE.
• The deal values the bank at around £1.6 billion and it hopes to raise £400 million.
• At time of listing the bank had over 700,000 accounts with deposits of over £5 billion.
• The bank is one of the so-called 'challenger banks' intended to break the dominance of the traditional UK retail banks.

Sam Duke - Editor