Aston Martin races to £4.3bn valuation but trades down

Aston_Martin_DB10
By Sam Kerr
02 Oct 2018

Bookrunners on Aston Martin's IPO priced the landmark transaction at £19 ($24.71) a share on Wednesday, a boon for the company and a sign that markets backed its ambitious growth strategy. But the stock has traded down in the aftermarket.

Deutsche BankGoldman Sachs and JP Morgan are global co-ordinators, and Bank of America Merrill LynchCredit SuisseHSBC and UniCredit are bookrunners on the all secondary IPO. Lazard is an adviser to the UK car maker.

The selling shareholders were Investindustrial, Adeem Investments, Primewagon Capital and the firm’s senior management.

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