Kuwait-backed Aston Martin’s listing on LSE to kick off in October

Mubasher: Aston Martin, the British manufacturer of luxury sports cars and grand tourers, said Monday that it will start trading on the London Stock Exchange (LSE) in October, AFP said.

The luxury British sports car brand driven by fictional spy James Bond announced that its shares will begin trading next month with a free float of at least 25% of the issued share capital.

In August, Aston Martin decided to stage a partial initial public offering (IPO) in London, naming Penny Hughes as chairman in a break from its tradition of an all-male board, AFP reported.

The car manufacturer could be valued at up to GBP 5 billion ($6.5 billion, EUR 5.9 billion), media reports indicate, according to AFP.

Mubasher Contribution Time: 10-Sep-2018 14:11 (GMT)
Mubasher Last Update Time: 10-Sep-2018 14:11 (GMT)