Finablr falls to a discount

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 compet...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.