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Aston Martin ‘set for £5bn float’ on London Stock Exchange

by Purvai Dua
28th Aug 18 3:20 pm

British luxury car-maker‎ Aston Martin is set to announce plans to list on the London Stock Exchange in the autumn and would reportedly be seeking a valuation of around £5bn.

According to an exclusive Sky News report, the carmaker, which regularly features in James Bond films, could make the formal announcement tomorrow, alongside its “healthy” interim results.

The formal launch of Aston Martin’s initial public offering (IPO) will involve the sale of approximately £1bn of shares in the company.

The IPO is also expected to include a special component offering stock to Aston Martin customers, as well as a new employee share scheme.

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