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Aston Martin names share price range

Aston Martin
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Aston Martin Lagonda has announced a price range for its planned share sale.

Shares will be priced between £17.50 and £22.50, which would give the company a value of up to £5bn.

Aston Martin also said that Germany's Daimler will remain a shareholder, with a near 5% stake.

The final price will be announced on 3 October, when trading will start.

Aston Martin: 'Don't get carried away'

Aston Martin
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Aston Martin has valued itself at up to £5bn, which is about the same as Marks and Spencer, Royal Mail and Severn Trent, points out Laith Khalaf from Hargreaves Lansdown.

"Aston Martin has a chequered past, having gone bust seven times in its 105 year history, though recent performance seems to be turning a corner," he said.

"The key to success will be increasing the number of models on the road while maintaining the exclusivity of the brand. On that front, having the world’s most famous fictional spy as a brand ambassador is an asset most marketing departments can only dream of.

"It’s important for potential investors to concentrate on the company’s long term financial prospects and not to get carried away by the brand however."