Aston Martin priced at 19 pounds per share in market debut, eyes $5.6 billion valuation

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CNBC /  🏆 12. in RU

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The stock market has given James Bond carmaker Aston Martin a frosty receptionAston Martin IPO'd in London on Wednesday. Shares were priced at £19, valuing the luxury car maker at £4.3 billion. After a small initial price bump, shares have fallen to £18.40. The performance underlines weakness in the London IPO market and ongoing trade war and Brexit fears in the auto sector. They say they will stay in the UK post Brexit. So it must be a cheap place to build cars in their thinking. Low currency and no tariffs with the core US market.
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Aston Martin skids as much as 6.5 percent in its market debut in LondonShares in luxury automaker Aston Martin fell as much as 6.5 percent in its market debut in London on Wednesday.
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Aston Martin skids on market debutShares in luxury automaker Aston Martin fell as much as 6.5 percent in its marke... hell yeah
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Aston Martin skids on market debutShares in luxury automaker Aston Martin fell as much as 6.5 percent on their mar...
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