Aston Martin IPO Would Value Company at £5 Billion
Aston Martin (UK) Holdings Ltd. is studying a possible initial public offering that would value the iconic British luxury car maker at about £5 billion ($6.8 billion), according to Bloomberg News.
#economics
Aston Martin (UK) Holdings Ltd. is studying a possible initial public offering that would value the iconic British luxury car maker at about £5 billion ($6.8 billion), according to Bloomberg News.
Last month Reuters reported that the company had hired Lazard Ltd. to prepare it for a possible IPO in the fourth quarter of 2018. Bloomberg’s sources note that Aston Martin’s plan to add the DBX luxury SUV/crossover model next year could help build investor interest.
Aston Martin’s controlling shareholders are a Kuwaiti investment consortium led by Investment Dar and Adeem Investment (54.5%) and Investindustrial Advisors (37.5%).
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future