Aston Martin sets £5.07bn IPO valuation

Luxury carmaker Aston Martin is looking at a valuation of up to £5.07bn as it prepares to float on the London Stock Exchange next month.The Lagonda and DB7 manufacturer has set share price range for its imminent listing at between £17.50 and £22.50 per ordinary share.It hopes to announce its final pricing by 3 October and expects its shares to be admitted to the stock exchange around 8 October.