Elsewhere, analysts at the investment bank Jefferies ranked Chrysalis Investments, a trust that specialises in privately-owned tech companies, as a buy earlier this month when the shares traded at a 8.1pc premium. 

They now trade at a 26pc discount, after the shares fell in tandem with the tech sell-off in American markets.  

Tom Furlong, of Jefferies, said there were a number of holdings that appeared to be on the verge of an initial public offering, which would boost the trust’s shares. 

“Chief among these is Klarna,” he said. “We still see upside to Chrysalis’ Klarna valuation in the event of a potential listing, although also acknowledge both the concentration risk of this holding and the regulatory risk surrounding buy now pay later.”  More than a quarter of Chrysalis’ funds are invested in Klarna. 

Meanwhile, rival Molten Ventures – formerly known as Draper Esprit – was trading at a discount of 5.6pc to the value of its net assets. The trust, which also specialises in private tech companies and backs the likes of the stockbroker Freetrade, has returned 29pc over the past five years.