Aston Martin notifies British regulators that it plans to list its company on the London stock exchange; Amazon reportedly preparing new, free video streaming service for Fire TV users.
"It's fair to assume the average Aston Martin buyer is less price-sensitive than your average driver".
Before the flotation, Aston has revealed a guide price of between £17.50 (Rs 1,664) and £22.50 (Rs 2,140) per ordinary share.
Aston Martin is expected to price its United Kingdom initial public offering at 19 pounds (US$24.66) per share, toward the bottom of a marketed range that it had already narrowed, according to people familiar with the matter.More news: Interpol chief Meng Hongwei reportedly vanishes on visit to China
However, shares made a flat start before skidding lower to stand down 4.79 per cent at £18.09 in midday deals and failed to bounce back before the close, sparking valuation concerns among analysts.
If the values of the current FTSE 100 constituents remain broadly the same until the next reshuffle in December, the James Bond carmaker would miss out on a place in the blue chip index.
The company's existing shareholders are to sell 25% of Aston Martin, leaving market capitalization at £4.33bn, Reuters reported.
'We are delighted by the positive response we have received from investors across the world and are very pleased to welcome our new shareholders to the register'.More news: Toyota recalls 2.43 million cars globally
Financial results show a 14% increase in revenue with pre-tax profits rising from £20.1 million to £20.8 million of the latest half year.
Aston Martin plans to produce between 7,100 to 7,300 cars next year, increasing that to 9,600 to 9,800 cars in 2020, which will be helped by the introduction of the Varekai SUV.
Based on this metric and Aston Martin's net debt of 538.8 million pounds, the British carmaker was priced at 23.6 times EBITDA on its debut.
The transaction provides for the sale of shares on behalf of its principal owners, the fund Italian Investindustrial, investors, kuwaitis, to Adeem Investments and the investment company Primewagon.More news: Nike "Deeply Concerned" by Cristiano Ronaldo Rape Allegation
"Foreign demand is on the up with 10 new or refurbished showrooms planned for China alone".