Galasys raises less than expected

Theme park ticketing firm Galasys saw its shares jump 10 per cent yesterday to 24.5p during its first day of trading, above the 22.5p it originally priced its shares at. Despite the success Galasys said it only raised £3.1m from the float, less than the £7m it had originally hoped to raise, as it lowered its expectations due to a lack of investor demand during its recent roadshow on the back of the recent volatility spreading among tech sector stocks.