Shares in Finablr (LON: FIN) have been trading for more than one week if the pre-flotation trading is taken into account and the share price has fallen back to 170p after the end of the first week of official trading.

The share price had already been set well below the original price range of 210p-260p. This suggests that demand was nowhere near as strong as anticipated and trading levels have been limited.

Finablr is a growth business. Management argues that there is no significant competitor that offers the range of services that Finablr does. Banks are losing market share because of t...