Aston Martin: worth 4 to 5 billion pounds
(CercleFinance.com) - Aston Martin Lagonda, the luxury British carmaker, this morning unveiled the share price range for its IPO on the London Stock Exchange.
From 17.50 pounds to 22.50 pounds per share, this represents a potential market capitalisation of around 4 billion to 5 billion pounds, or the equivalent of 4.5 billion to 5.6 billion euros.
The company will not raise any new money: some of its current shareholders, including Italian investor Investindustrial, the Kuwaiti Adeem Investments, Primewagon and member of its executive team, will sell shares. Note that the German group Daimler, will not sell any shares and should hold 4.9% of the company's shares after the deal.
The final IPO reference price should be set around 3 October, the day the stock should begin trading (in the form of stock pledges) on the London stockmarket. The share is expected to be listed on 8 October.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
From 17.50 pounds to 22.50 pounds per share, this represents a potential market capitalisation of around 4 billion to 5 billion pounds, or the equivalent of 4.5 billion to 5.6 billion euros.
The company will not raise any new money: some of its current shareholders, including Italian investor Investindustrial, the Kuwaiti Adeem Investments, Primewagon and member of its executive team, will sell shares. Note that the German group Daimler, will not sell any shares and should hold 4.9% of the company's shares after the deal.
The final IPO reference price should be set around 3 October, the day the stock should begin trading (in the form of stock pledges) on the London stockmarket. The share is expected to be listed on 8 October.
Copyright (c) 2018 CercleFinance.com. All rights reserved.