Mexican Media Brands
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
Share
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
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
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.