Aston Martin says books covered for IPO

FILE PHOTO: A 1966 Aston Martin DB6 coupe is displayed during a media preview of the newly launched Grand Basel autoshow in Basel September 4, 2018. REUTERS/Arnd Wiegmann/File Photo - Copyright Arnd Wiegmann(Reuters)

By Reuters

Published on 01/10/2018 - 09:04•Updated 26/04/2024 - 03:38

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LONDON (Reuters) - Luxury carmaker maker Aston Martin said it had tightened the price range for its stock market listing to 18.50 pounds per share to 20 pounds, and had covered its books at that offer.

The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it planned to sell around 25 percent of its stock. It had set the range at 17.50 pounds to 22.50 pounds per share, equating to a deal size of about 1.0-1.27 billion pounds.