Aston Martin’s shares debuted at 19 pounds

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Aston Martin’s shares debuted at 19 pounds

October 03, 2018 - 14:00
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On Wednesday Aston Martin announced that price of its share during company’s debut on stock market in London will be 19 pounds, Reuters reports. Total market value of luxury cars’ producer will be $5,6 billion.

Photo © Michael Gaida, CC0 1.0

On Wednesday Aston Martin announced that price of its share during company’s debut on stock market in London will be 19 pounds, Reuters reports. Total market value of luxury cars’ producer will be $5,6 billion.

Existing shareholders sell 25% of the company, which showed first profit since 2010 last year and went bankrupt seven times in its history.

According to the company’s plan, it was going to issue a new Aston Martin model annually from 2016 to 2022.

Experts assume that the company might be included into FTSE 100 index and will become first carmaker in British stock index.

Main owners of the company are Italian investment firm Investindustrial and a group of investors from Kuwait.

According to Bloomberg, Aston Martin’s shares dropped 6,6% right after debut on Wednesday.