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Eddie Stobart Logistics has completed its IPO and listed on AIM at the London Stock Exchange.

Trading in shares began at 8am today and, as of the time of writing, remain unchanged at a list price of 160p.

Alex Laffey, chief executive at Eddie Stobart, said that the completion of the IPO was a "key milestone" for the business.

“We have received strong interest from investors and we are excited to begin this new period as an independent company with the appropriate capital structure to take advantage of growth opportunities in the supply chain and logistics market,” said Laffey.

“We welcome our new shareholders and look forward with confidence to the next phase of our development as a listed company," he said.

On Friday, Eddie Stobart said it had bought retail logistics management company iForce for £45m.

The IPO valued the company at £572.7m, and has seen it raise £122m.

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