Aston Martin Completes £4.3 Billion Initial Public Offering
10.03.18
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Simpson Thacher represented Aston Martin Lagonda Global Holdings plc (“Aston Martin”) as U.S. counsel in connection with its initial public offering on the London Stock Exchange. The offering of 57,000,723 ordinary shares at an offer price of £19.00 per share equates to a market capitalization of approximately £4.3 billion at the commencement of trading on October 3, 2018.
Founded in 1913, Aston Martin is one of the world’s most iconic and leading luxury groups focused on the design, engineering and manufacture of high luxury cars. Following completion of the offer, Aston Martin is expected to be eligible for inclusion in the FTSE UK Index Series.
The Simpson Thacher team for the transaction included Gil J. Strauss, Rainer Adlhart, Alice Prinsley and John Loubriel (Capital Markets); and Kelli Rivers (Tax).