Aston Martin is heading to the stock market with their first initial public offering (IPO) in October and is seeking a value of 5.1 billion pounds ($6.7 billion USD). In this IPO, Aston Martin will be selling about 25 percent of their stock and they’re already off to a great start. According to Reuters, a bookrunner for the IPO has said the company already has orders in for all of the stock that will be offered. What’s more, the company is also said to be ready for whatever Brexit throws their way.
The $6.7 billion valuation seems to just be an estimate as of right now and a final price of the stock will be announced around October 3. After the final price is announced, Aston Martin is looking to admittance into the London Stock Exchange shortly after.
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Source: Reuters