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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.
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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%).
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