Aston Martin narrows $6 billion IPO range after investor response - Dealers Care

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Tuesday, 2 October 2018

Aston Martin narrows $6 billion IPO range after investor response

By Kate Holton and Dasha Afanasieva LONDON (Reuters) - Luxury British carmaker Aston Martin has cut the upper end of its initial public offering price range to 20 pounds per share, giving it a potential market value of up to 4.6 billion pounds ($6 billion), following mixed feedback from investors. Aston Martin had initially set a range of 17.50 pounds to 22.50 pounds per share, but said on it Monday it had narrowed this to 18.50 pounds to 20 pounds and that it had enough bid interest to cover all the shares being sold at this level

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