UPDATE 1-Shares in British bank Shawbrook rise on stock market debut

April 1, 2015 7:33 AM

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LONDON, April 1 (Reuters) - Shares in British bank Shawbrook opened up 4 percent on their stock market debut in London on Wednesday.

The shares opened at 302 pence each and traded as high as 308.75 pence by 0724 GMT. The bank had priced its initial public offering (IPO) at 290 pence a share, giving it a market capitalisation of 725 million pounds ($1 billion).

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