Consumer lending giant Latitude finally hit the boards on its third attempt with the market giving the business a $2.8 billion valuation.

Shares in the non-bank lender led by Ahmed Fahour were offered at $2.60 each under the float. They opened at $2.96 a share, spiking to $2.99 a share for a split second before settling at $2.80 in the first 45 minutes of trade, delivering IPO investors with a stag profit of about 8 per cent.