skip to main content

Aston Martin says stock market debut fully subscribed

Aston Martin's IPO follows a sale of shares by its main owners, Kuwaiti and Italian private equity groups
Aston Martin's IPO follows a sale of shares by its main owners, Kuwaiti and Italian private equity groups

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 £18.50-20 per share. 

The company, famed for making the sports car driven by fictional secret agent James Bond, is selling around 25% of its stock in the first initial public offering (IPO) by a UK car maker for decades. 

Aston initially set a range of between £17.50-22.50 a share, equating to a deal size of about £1-1.27 billion and giving the company a price tag of up to £5.1 billion. 

It said today the books were now covered at the tighter range and it expects to close them at midday London time tomorrow. 

The IPO follows a sale of shares by its main owners, Kuwaiti and Italian private equity groups.