Shares in Moneysupermarket.com, the UK price comparison website, have fallen 8% on their first morning's trading after the float priced at the bottom of the range due to challenging market conditions.

The flotation, led by Credit Suisse with Lehman Brothers and UBS as co-lead managers, priced at 170p, the bottom of its indicative range of 170p to 210p, raising £366m (€546.5m).