Aston Martin has revealed the price of its shares as the Warwickshire car maker prepares to float on the stock market.

Aston Martin has set the price for its initial public offering (IPO) at between £17.50 and £22.50 per share, valuing the company at between £4 billion and £5 billion.

James Bond’s favourite car maker plans to float one-quarter of the stock, almost 57 million shares, and they are expected to start trading on the London Stock Exchange in early October.

The Gaydon-based firm has already been offering shares to eligible employees, customers and members of the Aston Martin Owners Club resident in the UK

In early October shares will be made available to institutional and individual investors.

Aston Martin headquarters at Gaydon
Aston Martin headquarters at Gaydon

Second Century Plan

The company’s flotation forms part of its Second Century Plan, an ambitious growth strategy devised by the firm’s boss Andy Palmer.

In 2017, in the wake of launching its core DB11 model, Aston Martin saw its revenues increase by 28 per cent to £876 million.

It also posted pre-tax profits of £85 million.

A statement released by the car maker this week on its turnaround under Mr Palmer said: “Since he joined the company, Aston Martin has returned to profitability, increased revenues, launched award-winning new models and embarked on an investment strategy to expand its manufacturing footprint, while also safeguarding 3,000 jobs and with plans to create a further 2,000 jobs over the course of the Second Century Plan.

“The execution of the plan has been central to the value creation at Aston Martin Lagonda.”

Aston Martin DB11
Aston Martin DB11

Sold by Ford

Aston Martin was offloaded by Ford in 2007, when it was sold on to private equity investors.

The car maker is now majority owned by Italy’s Investindustrial and Kuwait’s Adeem Investment and Primewagon.

Daimler has a 4.9% stake and is a supplier of engines to Aston Martin.

How can any would-be individual investors buy shares in Aston Martin?

Several stockbroking firms will happily offer their services.

One is Hargreaves Lansdown, which is inviting customers to register their interest and sign-up for information updates in the run-up to the flotation.

Investment advice

However the firm also urged potential investors to be ruled by their head rather than their heart.

On its website it said: “Aston Martin is an iconic brand that will conjure up images of 007. But it’s important to concentrate on the company’s financial prospects as well, and not to get carried away by the brand.

“So you should make sure you’ve had a good read of all available information first.”

People can sign-up for updates from Hargreaves Lansdown, which says it expects Aston Martin shares to start trading on the London Stock Exchange on October 3, here

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