Aston Martin says stock market debut fully subscribed (UPDATE 1)
- Country:
- Italy
Luxury British carmaker maker Aston Martin said its stock market share offer had been fully subscribed after it tightened and slightly lowered its price range to between 18.50 pounds ($24.11) to 20 pounds per share.
The company, famed for making the sports car driven by fictional secret agent James Bond, is selling around 25 per cent of its stock in the first initial public offering (IPO) by a British carmaker for decades.
Aston initially set a range of between 17.50 pounds to 22.50 pounds per share, equating to a deal size of about 1.0-1.27 billion pounds and giving the company a price tag of up to 5.1 billion pounds.
It said on Monday the books were now covered at the tighter range and it expects to close them at midday London time on Tuesday.
The IPO follows a sale of shares by its main owners, Kuwaiti and Italian private equity groups. ($1 = 0.7673 pounds) (Reporting by Kate Holton, editing by James Davey)
(With inputs from agencies.)
- READ MORE ON:
- Luxury British
- Aston Martin
- pounds
- James
- share
- range
- British
- carmaker
- British carmaker
- stock
ALSO READ
Hong Kong shares jump 1.5% on policy support; China slips
Hong Kong shares jump on policy support; China slips
London shares rebound as fears of wider Middle East conflict ebb
HDFC Bank Shares Dip over 1%, Market Cap Erodes by Rs 14,434 Crore
British PM, NATO chief to visit Warsaw on Tuesday, Polish PM says