A slack was seen in the shares of Gartmore, an international asset management firm on its debut day in the market. It was the very first day of public listing of the newly listed U. K. fund manager, and the shares rolled down.

A spokeswoman for Gartmore said, "This is not something that is an issue particular to Gartmore. It is written into the risks section of the IPO prospectus because all investment managers have this same underlying risk".

Gartmore sold 154.5 million shares at 220 pence each on Friday. In the morning trading, the shares were at 212 pence.

Analyst David Morrison blamed the investors for being discriminating towards the company and pointed out that they had already been telling it that it was being too ambitious. Analysts also examined that IPO price of some of its rival companies are cheaper.

But a long awaited journey of the company has just started; therefore the judgment should be halted for a while as a spokesman of the company announced.