Aston Martin IPO could be worth $6.7 billion
Aston Martin's initial public offering aims to give the company the finances it needs to develop new models for the future. 25% of the company will be floated on the London Stock Exchange.
Aston Martin is to become one of the first British carmakers in decades to form an initial public offering. The prestigious marque is seeking a valuation of $6.7 billion (£5.07 billion) and aims to use the funds generated to propel the company forward with new products.
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As well as being well known as James Bond’s transportation of choice, Aston Martin has a history that spans over 100 years and contains many iconic cars. From the legendary DBR1, Ferrari challenging DB4, and of course 007’s famed DB5 all earn a spot in the automotive hall of fame. While Aston’s past is to be celebrated, this IPO is all about the future and making sure the company has the investment it needs going forwards.
Previous Aston Martin custodians struggled with the financials of the company, but the gains from this IPO will help it remain relevant as the British brand continues to explore electrification and its new DBX SUV.
Its most recent foray of creating continuation models of select cars from its past has also proven fruitful. A batch of DB4 GTs all found homes and a recently announced run of 25 ‘Goldfinger’ DB5s are sure to do the same. Just days ago there was an announcement that the rare DB4 GT Zagato would be the next historic model brought back to life.
However, it might not be all plain sailing for Aston Martin in the years to come. Investors will be carefully monitoring the current Brexit negotiations to see what impact they might have on the company. If the UK leaves the European Union without a trade deal, Aston Martins exported to Europe will be subject to taxation and an increased price for buyers. A stockpile of parts in the UK has been built-up incase frictionless trade ends in March 2019.
'If there are tariffs ... for every car we lose because of a 10 percent tariff into Europe, we presumably pick up from Ferrari and Lamborghini in the other direction because obviously their cars become more expensive in the UK,' Aston Martin CEO Andy Palmer told Reuters.
Aston Martin shares are estimated to be priced between £17.50 and £22.50 per share with 25% of the company to be floated on the London Stock Exchange. Considering the brand’s strong lineup of models, the number of interesting new products on the way, not to mention the launch of Lagonda as an all-electric sub-brand, these shares could be a great investment.
Classic Cars for Sale
This example is a 2007 Aston Martin DB9 Volante, that is described by the vendor as an exceptionally good example of this iconic car, that drives and runs superbly. The car comes with full service history, which is proof of the low mileage of 37,800 miles. The sumptuous black leather interior is piped in red, which just adds to the overall feeling of luxury and power. The car is equipped with red
Presented in dark silver metallic with black leather interior, this is an outstanding example of a "face lift" Aston Martin V8 Vantage Manual, which has a total Aston Martin Service History from new. Only 3 previous keepers, a rare manual, with that "je ne sais quoi" that only Aston Martins have.
A unique 1968 Aston Martin DB6 MK I Vantage coupe, originally supplied in Sunderland, Durham on the 2nd December1968. The then owner had this late MKI fitted out with MK II Wheel arches and wider rims. It has factory-fitted wire wheels, the famous Vantage engine, ZF 5-speed gearbox, rear window heating and a limited slip differential. Thanks to continuing perfect care this car remains in excellent
We have a delectable and authentic series II 1960 LHD Aston Martin DB4 for you. The car has oodles of provenance. There are documents going back to the start, even correspondence to and from Aston Martin dating from 1965. This is one of only 45 factory-built LHD DB4`s ever! The ownership history starts on the 31st March 1960 when Mr B.L. Smalley of Chicago receives the car from the well-known New