The owners of Aston Martin are considering floating the company on the stock market and have hired financial advisory firm Lazard to draft a plan ahead of the decision.
Aston’s Kuwaiti and Italian owners could float the company as soon as late 2018, the Sunday Times reports, but selling to a rival car company also hasn’t been ruled out.
Italian company Investindustrial took a 37.5% stake in Aston Martin in 2012 and was later followed by Daimler, which owns 5%.
Rival McLaren also considered a stock market entry earlier this year, while Ferrari’s stock market flotation preceded the company’s value doubling to around £15 billion since early 2016.
It’s likely that a stock market flotation is being considered due to the remarkable success of the DB11, as well as the recent unveiling of the new Vantage. These core products, as well as the promise of more to come in a complete Aston Martin family, would begin Aston’s stock market era strongly, with high share prices prompted from its current strong position.
Electric vehicle company Tesla has been prominent on the stock market, with the company’s value fluctuating depending on the internal affairs at the time; the trade value of the brand fell amid its recent production troubles, but often jumps at the announcement of a new product.
Read more
McLaren Automotive boss considers floating company on stock market
2017 Aston Martin Vantage leads Aston's new model blitz
Ferrari valued at close to $10 billion as part of New York offering
Join the debate
Add your comment
Perhaps, but
AM seem to have a credible business plan, which involves making very good cars (and an SUV) plus money. Good luck to them.
Well that's one IPO I won't
Well that's one IPO I won't be bothering investing in. Aston Martin making hay while the sun shines because they know it won't shine forever.