Aston Martin debuts in London stock exchange at £19 per share

In December 2017, Aston Martin owners were mulling a decision to either sell the brand or prepare for an initial public offering. Now, shares of the British carmaker have been listed on the London stock exchange at £19 per share, valuing the company at £4.33 billion.

Aston Martin is trading under the ticker "AML" and offer an initial offer price of £19 per share. The company is offering just over 57 million shares amounting to 25% of the stake of the total company valued at £1.08 billion. The current owners of the Aston Martin Lagonda shares could also increase the offering by 5.7 million shares through over-allotment options, increasing the stake to a maximum of 27.5%.

Financial results show a 14% increase in revenue with pre-tax profits rising from £20.1 million to £20.8 million of the latest half year. Last year, the company managed its first profit since 2010.

The current investors in the company are Italian and Kuwaiti with Daimler holding a 4.9% stake. As part of the IPO, Italian company Investindustrial's 37.5% stake will be locked for 180 days while Daimler's stake will be locked for 12 months.