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Aston Martin Lagonda Global Holdings plc (Aston Martin), one of the world's leading manufacturers of luxury sports cars, completed its initial public offering on October 3, 2018, on the London Stock Exchange. "The fanfare that was expected for the shares never materialised", said Jordan Hiscott, chief trader at Ayondo markets.

A representative for Aston Martin declined to comment.

Aston Martin initially floated about 25 percent of the company, with an option to offer additional shares if there was strong investor demand.

It had set an IPO price of 440p per share but its stock slip as low as 334.5p.

At the time of the IPO, he said: "Today's results show that we have continued to deliver sustainable growth, margins and value for our shareholders whilst launching three new models and variants in the first half of the year".

The hotly-anticipated move is the largest IPO in the global automotive sector since Italian luxury auto giant Ferrari listed on Wall Street three years ago.

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The shares, which closed at 18.10 pounds, had fallen as much as 8.2 percent during the day before rallying in the afternoon.

Founded in 1913 by two partners in a london studio, Aston Martin gained its letters of nobility by participating very early in the competition auto, and then thanks to many films of the James Bond series, in which Sean Connery (Goldfinger, 1964) or Daniel Craig (Spectre, 2015) - driven models.

Last year Aston martin made its first profit since 2010, a far cry from the seven times the company has gone bankrupt in the past, but it appears onlookers aren't too positive of the company keeping that going.

Aston is seeking to ramp up production and analysts predict that its top-end luxurious vehicles will likely be insulated from the twin challenges of Brexit and trade tariffs.

"It's fair to assume the average Aston Martin buyer is less price-sensitive than your average driver".

Some of the company's current shareholders, as well as UK-based employees, customers and owners club members, will get preferential offers on shares, or in the case of Daimler, be able to retain its 4.9% stake for another year.


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