• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • UCA 2020
  • UCA 2021
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • UCA 2020
  • UCA 2021
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Aston Martin targets £5bn valuation with initial public offering of shares

Car Dealer Magazine by Car Dealer Magazine
September 20, 2018
0
Home News

ASTON MARTIN is aiming for a £5 billion valuation when its shares begin trading on the London Stock Exchange next month.

Best known for being James Bond’s vehicle of choice, the luxury carmaker has set a price range for its London listing of between £17.50 and £22.50 per ordinary share.

It means the carmaker will have a market capitalisation of between £4.02 billion and £5.07 billion.


Final pricing of the initial public offering (IPO) is expected to be announced on or around October 3, when shares are set to start conditional trading on the London Stock Exchange. Unconditional trading will begin around October 8.

Aston Martin confirmed that it was offering to float around 57 million shares, representing a quarter of the business.

Those shares will come from existing shareholders, including Investindustrial, Adeem Investments, Primewagon and senior management.

It said Daimler AG of Germany will remain a stakeholder and won’t sell down its holding at the IPO. Instead, the company will convert its current non-voting stake of 4.9 per cent to shares.


The IPO is being targeted at institutional investors as well as Aston Martin employees, customers and its Owners Club members in the UK.

Aston Martin president and group chief executive Andy Palmer said: ‘By becoming the only automotive company listed on the London Stock Exchange, Aston Martin Lagonda will provide investors with a fitting opportunity to participate in our future success.

‘Our Second Century Plan gives prospective investors deep insight into how we have executed our turnaround and how we are positioned for growth.’

He said the company’s turnaround over the past four years had had a ‘profound’ effect on the UK economy, having invested in manufacturing and engineering and creating thousands of jobs in the West Midlands and south Wales.

As reported by Car Dealer last month, Aston Martin confirmed that it was exploring plans to float on the London Stock Exchange, ending long-standing speculation about its plans to go public.

It later appointed former Royal Bank of Scotland director Penny Hughes as its new chairman, with plans for her to join the board after the carmaker’s IPO.

Former InterContinental Hotels Group chief executive Richard Solomons and ex-William Hill and Mothercare board member Imelda Walsh jumping on board with directorships.

The carmaker was founded in London in 1913 and is headquartered in Gaydon.

It has additional facilities in Wellesbourne, where it also produces its special-edition models, as well as in Newport Pagnell, where its heritage models are manufactured.

MORE: Aston Martin gears up for London Stock Exchange flotation

MORE: Aston Martin completes second phase of St Athan plant

MORE: £10m bid for Jim Clark Aston Martin at Goodwood Festival of Speed breaks record

Get more from Car Dealer

  • Premium stories
  • Used car data
  • Magazine early access
Register

Or Sign in

Related Posts

Toyota Yaris demonstrator crashes through Bentleys Warrington 17 April 2021
News

Lucky escapes at dealership as customer crashes through front while in Yaris demonstrator

April 19, 2021
Tesla Model S June 2015
News

Two killed as Tesla Model S goes up in flames after crashing into tree ‘while in semi-autonomous mode’

April 20, 2021
Motorline scoops manufacturer awards for Toyota and Lexus dealerships in Kent
News

Motorline scoops manufacturer awards for Toyota and Lexus dealerships in Kent

April 19, 2021
News

Inchcape to appoint Singapore-based profit and loss management expert to board

April 19, 2021
Carzam stock picture
News

Carzam enjoys record trading week after dealerships reopen in England and Wales

April 19, 2021
Trade Centre UK creates 200 jobs with its first car superstore in England
News

Trade Centre Group smashes its record for used car sales with all-time high during week of reopening

April 19, 2021

Want the latest news?

Sign up to Car Dealer's daily news email updates

Subscribe
Electrified vehicle registrations overtake diesels for the first time in Europe
News

What is stopping car buyers from switching to EV? Our exclusive White Paper reveals all

April 16, 2021
How many car dealerships does each manufacturer have in the UK? Car Dealerships Locations List 2021 revealed
News

How many car dealerships does each manufacturer have in the UK? Car Dealerships Locations List 2021 revealed

March 12, 2021
Used Car Awards with Mike Brewer and James Baggott graphi
News

Who won what at the Used Car Awards 2020? Mike Brewer reveals our winning car dealers

March 12, 2021
Used Car Awards 2021 logo
Used Car Awards

Used Car Awards 2021 will be back in all their glory on November 29 hosted by Mike Brewer

April 15, 2021
The Newcomers: Here are the 10 electric car brands coming to a forecourt near you soon
News

The Newcomers: Here are the 10 electric car brands coming to a forecourt near you soon

March 30, 2021
Trophy Cars forecourt
News

Investigation: Meet the hyper-specialist car dealers making their money from weird and wonderful motors

March 12, 2021
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

February 10, 2021
BMW, Mercedes, Audi and Volvo, could they be sold under one roof?
News

Multi franchising: Premium brands rule out selling cars alongside rivals in same dealer – as others remain tight-lipped

March 11, 2021
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • UCA 2020
  • UCA 2021
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards 2020
  • Used Car Awards 2021
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server 1