Aston Martin investors told to pay £19 per share for IPO orders or risk losing out

Investors in the initial public offering of Aston Martin Lagonda Global Holdings PLC should be prepared to pay £19 per share or risk losing out, according to terms obtained by Bloomberg.

The deadline for orders was 11am GMT on Tuesday ahead of the London float on Wednesday.

The news comes a day after Aston Martin narrowed the price range for the IPO to £18.5 to £20.0 from £17.50 to £22.50, giving it a potential market value of up to £4.6bn.

READ: Luxury carmaker Aston Martin prices Aston-ishing £5bn London float

The luxury carmaker is selling about 25% of its stock in the float.

“By becoming the only automotive company listed on the London Stock Exchange, Aston Martin Lagonda will provide investors with a fitting opportunity to participate in our future success,” chief executive Andy Palmer said as the IPO was announced in September.

“[Our] track record has created significant interest in the Aston Martin Lagonda offer, and we are pleased to offer shares not only to institutional investors but also to our eligible UK resident employees, customers and members of the Aston Martin Owners Club.”

Story by ProactiveInvestors