Aston Martin to sell shares on the London stock market
Aston Martin to sell shares on the London stock market
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The Aston Martin DB11 was introduced in 2016
Shares in luxury carmaker Aston Martin have been priced at £19 a share, valuing the firm at £4.3bn.
The price is just below the middle of the range of between £17.50 and £22.50 it hoped to sell them at.
The company, which has a long link with James Bond films, has gone bust seven times in its 105 year history.
The listing is the first by a UK carmaker for years, following the sale of brands such as Jaguar, Bentley and Rolls-Royce to foreign owners.
The listing will raise at least £1bn for the firm. Aston has a further number of shares it will release if demand is strong enough, which would mean 27% of the company would be publicly traded.
Andy Palmer, president and group chief executive, said the move was an historic moment.
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