The company is now public. Talk of Aston Martin going public has now been fulfilled after the company launched itself this week on the London Stock Exchange. 25 percent of the company was floated, with a total 57 million shares being listed which debuted Wednesday at $24.60 under the ticker symbol AML. The opening price valued the company at $5.6 billion, shares dropped as low as $22 mid-day, before closing out the session at $23.44. Aston’s move comes in the wake of Ferrari’s 2015 high profile IPO that saw the company float 10 percent of itself, valuing it at $9.8 billion at the time of listing. Last month we saw Chinese electric car startup, Nio, list itself at $6.4 billion on the New York Stock Exchange. In the lead up to the IPO, Aston Martin established a board of directors, naming Penny Hughes as chairman while keeping Andy Palmer as chief executive officer. The company has never been in better financial shape, it reported a profit of $54 million for the first six months of th...
Mercedes-Benz, Luxury Automobiles, German Engineering, Premium Car Brand, Mercedes Innovation