This style is considered more informal and is often used in personal letters or emails. It can also be used in business correspondence, but it's important to be aware of the company's preferred style.
Here's an example of open punctuation:
Dear John,
I hope this email finds you well.
Sincerely,
Jane
Here's the same letter with closed punctuation:
Dear John,
I hope this email finds you well.
Sincerely,
Jane.