6th May 2016 07:41
LONDON (Alliance News) - Audio-visual and document services distributor Midwich Group PLC surged higher as it started trading on AIM on Friday.
Midwich shares were trading at 230.00 pence early Friday, up 11% from the company's 208.00p float price.
Midwich raised around GBP75.2 million from its float, with the funds going to pay down debt and to its selling shareholders.
Its market capitalisation upon admission was GBP165.3 million, making it the second largest AIM floats of the year so far behind student accommodation developer Watkin Jones PLC at GBP255.0 million.
By Sam Unsted; [email protected]; @SamUAtAlliance
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