Shares stall: Subdued stock market debut for James Bond’s favourite marque Aston Martin
Shares in luxury car-maker Aston Martin braked on their first day of trading on the London Stock Exchange yesterday.
The company had priced its flotation at £19 a share, valuing the company at £4.33 billion. The listing has seen investors Investindustrial, Adeem Investments, Primewagon and senior management bank more than £1bn between them with the firm floating 25 per cent of its share capital.
Chief executive Andy Palmer described the flotation as “a historic milestone” for the business.