Aston Martin IPO disappoints as luxury carmaker’s value falls

Aston Martin IPO disappoints as luxury carmaker’s value falls

– Angela Monaghan

Share debut puts value of James Bond car marque at lower end of spectrum as sale tests investor appetite for UK firms

Aston Martin has made a disappointing stock market debut, with shares in the luxury carmaker dipping as low as £17.75 when trading got under way, having opened at £19.

The share price fall on Wednesday left the 105-year-old firm, James Bond’s favourite car marque, with a market value of just above £4bn, sharply lower than its initial hopes for a price tag of over £5bn.

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3rd October 20183:25 pm