Virgin Money Holdings, was relatively unchanged, at around 283 pence, on its first days of conditional trading after raising at least £312m in an initial public offering (IPO).

The offering had been delayed by a month due to equity market conditions.

However experts have put this down to market sentiment, rather than any flaws within the Virgin IPO.

Darren Hepworth, director of global trading at TD Direct Investing, said:”Investor interest in Virgin Money’s stock still remains stubbornly low since the conditional trading window last Thursday.

“However, as opposed to this being evidence of any specific flaws around the float, we are seeing a more conservative approach from traders across financial and banking stocks more broadly – an approach which indicates a wider stabilisation of the banking sector that may well also be driving investor motivation with respect to Virgin Money.”