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Aston Martin targets 'optimistic' ?5bn value in stock market float

Aston Martin's hopes of achieving a market value of between ?4.02bn and ?5.07bn in its flotation on the London Stock Exchange have been labelled "optimistic" by car industry experts.
The Warwickshire-based luxury car maker has set a price range for its London listing of between ?17.50 and ?22.50 per ordinary share.
Pricing around the middle of the range would push the car maker into the FTSE 100, making it the only car company in the blue-chip index.
Online estate agent Rightmove is currently the lowest valued member of the FTSE 100, with a market cap of ?4.3bn.
Aston Martin targets 'optimistic' ?5bn value in stock market float

Aston Martin boss Andy Palmer has driven a turnaround at Aston Martin, returning it to profit 
Credit:
Reuters
Andy Palmer, the chief executive of Aston who was parachuted in four years ago from Nissan and has driven a turnaround at the company,...
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