debuted on the London Stock Exchange (LSE) on Wednesday – the first car manufacturer to do so in almost 30 years. The share price was to set to start at £19 and, in total, it sold a quarter of total shares. The sale valued the luxury automaker at £4.3bn.
It wasn’t long before share price began to slide, closing at £18.10 at the end of Wednesday and even lower at £17.48 on Friday.
CEO Andrew Palmer was quick to dispel concerns about the slide, rather emphasising on the company’s resurrection in two years and its plans to expand their product line in its new factory in Wales.
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