Aston Martin confirmed to float on London stock market

It worked for Ferrari, now Aston Martin intends on floating to fund a boost in investment

Aston Martin has confirmed it is to float on the London Stock Exchange, with the Gaydon based firm valued at £5bn. The flotation is expected to be completed before the end of the year.

Having submitted its intentions to the Financial Conduct Authority, the Initial Public Offering (IPO) will see 20 per cent of Aston Martin shares offered to institutional investors and staff through a company share scheme. Members of the public wishing to buy a slice of the 105 year old company will need to do so once trading begins. Final details of the offering will be published on 20 September.

Subscribe to evo magazine

Experience the thrill of driving with evo magazine. Subscribe now and get your first 5 issues for £5 or buy the latest issue in all good newsagents!

> Click here for our review of the new Aston Martin DBS Superleggera

The long awaited announcement has come off the back of continuous growth and profits for Aston Martin, with CEO Andy Palmer also announcing the company’s first half results for 2018 that saw revenue increase by 8% to £445m. Profits were up 14% to £106m. 

Under Palmer’s leadership Aston Martin has benefitted from a successful period of growth and new model launches, including replacements for the Vantage, DB9 and Vanquish. Proceeds from the floatation will allow Aston Martin to continue with Palmer’s ambitious plans that will see the DBX SUV added to the line up alongside the current Vantage, DB11 and DBS Superleggara models. The new investment will also provide Aston Martin the funds to relaunch Lagonda as a luxury electric car brand to take on Rolls Royce. It will also continue to produce limited run specials in similar to the Vulcan and Valkyrie.

Advertisement
Advertisement - Article continues below

Current owners, Italian firm Investindustrial and the Kuwait investment fund Investment Dar, are expected to retain a percentage of a stake holding once the company goes public, alongside technical partner Mercedes-Benz. The latter is expected to retain its current 5% stake in the business.

The most recent sports car brand to go public was Ferrari, which launched on the New York stock exchange three years ago valued at $10bn, today it is valued at $24bn. 

Advertisement

Recommended

Visit/aston-martin/201805/hypercars-at-le-mans-will-look-magnificent-but-how-genuine-will-the-racing-be
Aston Martin

'Hypercars at Le Mans will look magnificent, but how genuine will the racing be?'

2 Oct 2019
Visit/aston-martin/22301/am-rb-003-concept-from-geneva-to-be-named-aston-martin-valhalla
Aston Martin

Aston Martin Valhalla

18 Jun 2019
Visit/aston-martin/21621/we-ve-been-expecting-you-james-bond-inspired-aston-martin-db5-continuation-nears
Aston Martin

James Bond-inspired Aston Martin DB5 continuation nears prod

14 May 2019
Visit/aston-martin/22554/aston-martin-rapide-e-revealed-in-production-specification
Aston Martin

Aston Martin Rapide E revealed in production specification

16 Apr 2019
Advertisement

Most Popular

Visit/porsche/911/201958/porsche-911-gt3-vs-gt3-rs-vs-gt2-rs-track-battle
Porsche 911

Porsche 911 GT3 vs GT3 RS vs GT2 RS - track battle

Porsche’s GT3, GT3 RS and GT2 RS are the most hardcore of the 911 breed, but pitched head‑to‑head which will we crown champion?
15 Nov 2019
Visit/ferrari/201950/new-ferrari-roma-612bhp-198mph-gt-car-joins-the-range
Ferrari

New Ferrari Roma: 612bhp, 198mph GT car joins the range

Ferrari has expanded its GT car range with the V8 powered Ferrari Roma
14 Nov 2019
Visit/buying-advice/19675/used-car-deals-of-the-week
used cars

Best used cars for sale this week

We’ve delved into the classifieds and chosen our favourite cars for sale this week
15 Nov 2019
Visit/features/22907/hyundai-i30-fastback-n-versus-the-col-de-turini
Hyundai i30 N hatchback

Hyundai i30 Fastback N versus the Col de Turini

We take the Hyundai i30 Fastback N up the Col de Turini, a 31km stage of the Monte Carlo World Rally Championship
19 Jul 2019