Aston Martin reveals £4.3bn valuation

Aston Martin Lagonda has begin trading on the London Stock Exchange this morning, although with a little less fuel in the tank than it had hoped for.

Its shares have been priced at £19, towards the lower end of the £17.50-£22.50 range it had set out. This values the company at £4.33bn, which is likely to put the luxury car manufacturer at the higher end of the FTSE 250 when the next quarterly reshuffle takes place.

Dr Andy Palmer, Aston Martin’s president and group chief executive, was “delighted by the positive response” the stock had received from investors.

He said: “Today’s listing on the London Stock Exchange represents a historic milestone for Aston Martin Lagonda.

“We are excited about the momentum across the company and are fully focused on continuing to deliver our exciting growth strategy through the Second Century Plan.”