Aston Martin IPO orders below 19 pounds/share risk missing out - bookrunner

FILE PHOTO: An Aston Martin logo is seen at a dealership in central London, Britain August 29, 2018. REUTERS/Henry Nicholls - Copyright Henry Nicholls(Reuters)

By Reuters

Published on 02/10/2018 - 11:04•Updated 20/04/2024 - 00:49

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(Reuters) - Orders below 19 pounds per share for the initial public offering of luxury British carmaker Aston Martin <IPO-ASTM.L> risk missing out on the float, with the books closing at 1100 GMT, one of the bookrunners said on Tuesday.

Aston Martin cut the upper end of its initial public offering price range to 20 pounds per share on Monday, giving it a potential market value of up to 4.6 billion pounds ($5.96 billion).