Aston Martin debuts in London stock exchange at £19 per share

blackwasp · 3rd October 2018, 17:34

In December 2017, Aston Martin owners were mulling a decision to either sell the brand or prepare for an initial public offering. Now, shares of the British carmaker have been listed on the London stock exchange at £19 per share, valuing the company at £4.33 billion.

Aston Martin is trading under the ticker "AML" and offer an initial offer price of £19 per share. The company is offering just over 57 million shares amounting to 25% of the stake of the total company valued at £1.08 billion. The current owners of the Aston Martin Lagonda shares could also increase the offering by 5.7 million shares through over-allotment options, increasing the stake to a maximum of 27.5%.

Financial results show a 14% increase in revenue with pre-tax profits rising from £20.1 million to £20.8 million of the latest half year. Last year, the company managed its first profit since 2010.

The current investors in the company are Italian and Kuwaiti with Daimler holding a 4.9% stake. As part of the IPO, Italian company Investindustrial's 37.5% stake will be locked for 180 days while Daimler's stake will be locked for 12 months.

Aston Martin debuts in London stock exchange at £19 per share-2019astonmartindb11amrlistedonautomakersmediawebsite_4.jpg

Link to the Team-BHP News

3rd October 2018, 17:34	#1
blackwasp Senior - BHPian Join Date: Apr 2015 Location: Navi Mumbai Posts: 2,974 Thanked: 26,325 Times View My Garage	Aston Martin debuts in London stock exchange at £19 per share In December 2017, Aston Martin owners were mulling a decision to either sell the brand or prepare for an initial public offering. Now, shares of the British carmaker have been listed on the London stock exchange at £19 per share, valuing the company at £4.33 billion. Aston Martin is trading under the ticker "AML" and offer an initial offer price of £19 per share. The company is offering just over 57 million shares amounting to 25% of the stake of the total company valued at £1.08 billion. The current owners of the Aston Martin Lagonda shares could also increase the offering by 5.7 million shares through over-allotment options, increasing the stake to a maximum of 27.5%. Financial results show a 14% increase in revenue with pre-tax profits rising from £20.1 million to £20.8 million of the latest half year. Last year, the company managed its first profit since 2010. The current investors in the company are Italian and Kuwaiti with Daimler holding a 4.9% stake. As part of the IPO, Italian company Investindustrial's 37.5% stake will be locked for 180 days while Daimler's stake will be locked for 12 months. Link to the Team-BHP News Last edited by blackwasp : 3rd October 2018 at 17:36.
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