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The slip appears to confirm the views of analysts who said Friday's flotation was overvalued.
However, Myners argued: "The market immediately after flotation was very non-standard.
But when the prospect of Google's flotation was mooted, however, Wall Street began salivating again.
The price was cut after the flotation was delayed from last month amid turbulent stock markets.
But any attempt at stock market flotation was abandoned in August and the bank is now looking for a buyer.
Flotation was the route taken by 3i for Schlott, a specialist printing firm that it backed in a buy-out in 1993.
The flotation was meant to tap into improving consumer confidence and strong demand among investors for new flotations with growth prospects.
The intriguing sub-plot to Twitter's flotation was the warning from the chief US security regulator that investors shouldn't be so silly.
The lastminute.com flotation was one of the most anticipated moments of what in hindsight was seen as the height of the dotcom boom.
Its parent, Dixons, was the first major UK company to offer free internet access, and Freeserve's subsequent flotation was hailed as a great British success story.
And last week the flotation was almost derailed by an interview with the company founders published in Playboy magazine that broke the SEC rules on IPOs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com