Xeikon owner Punch completes AIM float

Punch Graphix, the newly floated firm that consists of digital press firm Xeikon and CTP manufacturers Strobbe and basysPrint, made a 13% gain when its shares began trading on the Alternative Investment Market (AIM) yesterday.

Placed at 98p the stock closed the day at 110.5p having risen at one point to 112p. The 110.5p price gives the printing equipment group a market capitalisation of 114m.