Ashurst and Davis Polk & Wardwell have won roles on the initial public offering (IPO) in London of Onesavings bank, the first of an expected wave of listings from ‘challenger banks'.

Ashurst is providing legal advice to the bank, a specialist lender and retail savings group, with a team led by corporate partner Jonathan Parry. 

The listing is at 170 pence a share, valuing the company at

Ashurst and Davis Polk & Wardwell have won roles on the initial public offering (IPO) in London of Onesavings bank, the first of an expected wave of listings from ‘challenger banks'.

Ashurst is providing legal advice to the bank, a specialist lender and retail savings group, with a team led by corporate partner Jonathan Parry. 

The listing is at 170 pence a share, valuing the company at