SHARES in Virgin Money have slipped slightly in its first day of unconditional dealing on the London Stock Exchange.
The bank, headed by chief executive Jayne-Anne Gadhia, saw its share price drop 1.25p, or 0.44 per cent, to close at 282.25p.
The challenger bank entered conditional dealing last week after pricing its flotation at 283p per share.
That was the bottom end of its valuation and gave the business a market capitalisation of around £1.25 billion.
The shares had edged up 0.5p during conditional dealing. Virgin Money had delayed its flotation as a result of turbulent financial markets which saw the likes of fellow challenger bank Aldermore and Miller Homes abandon their flotation plans.
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