Aston Martin has announced their intent to go public amidst record profit.
With their latest generation of products flooding the market, Aston Martin recently became a profitable company for the first time in its century-long history. New cars like the Vantage and the DB11 show that Aston has really upped their game. And with the new DBS Superleggera, Aston explicitly took aim at Ferrari, albeit, with a different approach.
Now Aston Martin has announced their intent to float itself on the London Stock Exchange following a revenue growth of 14 per-cent in the first half of the year. Aston Martin Lagonda Limited. go public on the London Stock Exchange soon. A Reuters report claims that it could be valued at £5 billion.
In 2015, Ferrari also made the move to go public on the New York Stock Exchange and in less than a year it doubled its value. Aston Martin Lagonda is expected to float 25 per-cent of its equity which is predominantly owned by investors from Kuwait and Italy who own majority shareholdings of the company. This will not be affecting the 5 per-cent stake of the company which is owned by Daimler.
The British marquee recently also invested in a brand new facility in Wales which will see the production of the company’s first ever SUV/crossover based off the DBX concept. In an era of motoring where SUVs are making the biggest impacts, it is inevitable that Aston Martin will manage to sell quite a few of these once the product reaches market. The SUV will be a part of the bran’s ‘Second Century Plan’ which lays down the path to seven vehicles from Aston Martin which are scheduled to be launched in the next seven consecutive years.
The rebirth of the once-ailing firm will continue after going public, with a new factory in Wales due to open next year for the production of the DBX crossover, of which AM will no doubt sell quite a few. It’s part of the ‘Second Century Plan’, which will see seven new models launched over the next seven years.
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