Escher Group float raises $25m

Shares in postal outsourcing technology provider Escher Group traded for the first time on London’s Alternative Investment Market (AIM) yesterday, after the company raised $25m (£15.4m) ahead of the float. A total of 17,033,097 ordinary shares were issued on admission, giving the company a market capitalisation of around $47.1m. Escher Group provides automated postal counters to companies across Europe, including Austria Post and Deutsche Post.