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Aston Martin made its stock market debut. The stocks of the British automobile manufacturer were estimated at 19 GBP, giving a market capitalization for the automaker of 4.3 billion GBP. Their price was in the middle of the price range 17.50-22.50 GBP per unit. Later, during trade, the stocks of Aston Martin wiped out 6.6% of their value.

The company, which has a long history of luxury cars producer, has gone bankrupt seven times in its 105-year history.

The listing of the stock exchange was the first for a British car manufacturer for years after Jaguar, Bentley and Rolls-Royce were sold to foreigner investors.

The IPO of Aston Martin will provide at least 1 billion GBP for the company. If the demand is strong enough, Aston Martin will issue more stocks. If this happens, 27% of the company will be publicly traded.

In August, Aston Martin reported a profit of 42 million GBP for H1 2018. Despite its colorful history and popular brand, the company could not make a profit for years. But under the management of Andy Palmer, who came from Nissan, the company began expanding its offerings and entering new areas.

Aston Martin expects sales in 2018 to reach between 6,200 and 6,400 units, and in the medium term to sell 10,000 cars annually.