Aston Martin failed IPO

4 October 2018

The first day of trading shares in Aston Martin failed

According to the website of Kommersant, the first day of the IPO, the legendary British brand Aston Martin (established in 1913) proved to be quite a failure, so today is the last day its shares fell in price by 5%. Investors have not rushed to buy the shares of Aston Martin, which began to be traded on the London stock exchange under the symbol stock symbol AML, even taking into account the fact that the placement of securities held closer to the lower limit of the price corridor. Initially, the company has set a price band for their shares of £17,5–22,5, and the actual placement took place at a price of £19 per share, which allowed us to estimate the value of the company at £4.3 billion.
This morning, the stock Aston Martin again began to decrease their price by 1%, to £17,95 per share.