Aston Martin aims for £5bn October IPO
Luxury carmaker Aston Martin is seeking a valuation of up to £5.07bn as it set a price range of £17.50 to £22.50 per share for its stock market flotation next month.
The Warwickshire-based sports car manufacturer is expecting 25% of its stock to be floated, nearly 57 million shares.
Aston Martin Lagonda, which is headquartered at Gaydon where it has its principal production facility, also reiterated that Daimler AG of Germany will remain a shareholder and will not sell-down at IPO.
Dr Andy Palmer, president and group CEO, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...