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Alfa shares fall on raised expectations

Alfa shares fall on raised expectations

Alfa Financial Software's (ALFA) IPO last summer was the largest UK tech listing since 2015. The clamour for the shares subsequent to the flotation pushed the group's market capitalisation beyond £1bn. Investors would have felt vindicated at the time of August's half-year results, which topped analysts’ expectations, but trading on a sky-high forward multiple, a lot was riding on the company’s maiden set of full-year numbers as a publicly traded entity.

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