Aldermore Bank has announced plans to float on the London Stock Exchange (LSE) next month that could value the specialist bank between £800m and £900m.
The bank, founded in May 2009, hopes to raise £75m in new cash while original private equity backer Anacap, other later investors and management, led by chief executive Philip Monk, could sell shares worth £200m.
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Aldermore chief executive Phillip Monks said the flotation was necessary to continue growth in lending activities such as asset finance and lending to small businesses and for home loans.
"We want to be able to grow at the phenomenal rate we have been," Monks added.
The lender also announced that its pre-tax profit in the six months to June rose 250% to £18.6m compared with the same period last year.
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