The Aston Martin sports car planners plan to launch their first public stock issue (IPO) in London this fall, this fall.
According to news reports from Sky News, the vehicle manufacturer sells 1 billion pounds ($ 1.29 billion, £ 1, £ 357.30), and Aston Martin’s total value would be £ 5 billion.
Aston Martin’s largest holders are the Italian Investindustrial Venture Capital Investment Company and Investment Guild Investment Fund, but smaller holdings are also owned by Daimler’s Mercedes-Benz subsidiary.
Aston Martin is spending huge amounts of money on developing new models. Among other things, by the end of 2019, the company’s first SUV (Urban Off-road Vehicle) and the Formula-1-inspired AM-RB 001 will appear, with an average of approximately $ 3 million depending on the price of the equipment.
Aston Martin has decided three years ago to build a second factory in St. Athan, South Wales, where it creates 750 new jobs. At the Welsh factory, the DBX will be manufactured in 2019.
Aston Martin’s revenue last year was over $ 1 billion and its profit was $ 244 million. Last year, the company sold 5117 cars, 58 percent more than a year earlier and the most since 2008.