Aston Martin to go public with £5bn stock market offering

Aston Martin confirms plan to float shares on the London Stock Exchange, launching on 20 September

Aston Martin Vantage - front

Aston Martin is preparing to go public with a £5bn float on the stock market, confirming year-old rumours that the rejuvenated British brand would seek to cash in on its recent financial turnaround.

The manufacturer has confirmed it started the floatation process, with the aim of launching its Initial Public Offering on 20 September. Further details will be issued by the Financial Conduct Authority later today. 

New 2018 Aston Martin Vantage review

"Today’s announcement represents a key milestone in the history of the company, which is reporting strong financial results and increased global demand for its award-winning sports cars," Aston Martin Chief Executive Dr. Andy Palmer said in a statement.

Aston Martin's first half revenue in 2018 rose eight per cent to £445 million. Underlying profits rose 14 per cent to £106m.

Last December it was mooted that Aston's current ownership structure - a group of Kuwaiti investors and the Italian private equity firm Investindustrial who own more than 90 per cent of the marque combined - had begun a preliminary plan to explore a public offering of Aston stock in the third quarter of 2018.

Existing investors will sell shares in the offering, placing around 25 per cent of the company's stock on the London Stock Exchange. Aston's 2,700 staff will be offered the chance to sign up for a share scheme. 

The move to float Aston Martin on the stock market follows in the footsteps of Ferrari, which was publicly listed in 2015. 

Read about Aston's next big project here - the upcoming Varekai SUV.

Recommended

First pair of Aston Martin Vantage V12 Zagato Heritage Twins completed
Aston Martin

First pair of Aston Martin Vantage V12 Zagato Heritage Twins completed

The limited edition Vantage V12 speedster and coupe come as a pair and celebrate Aston Martin’s 60-year partnership with Zagato
3 Dec 2020
“Mercedes doesn’t have the greatest record when it comes to long-term relationships”
Opinion

“Mercedes doesn’t have the greatest record when it comes to long-term relationships”

Steve Fowler is worried about Mercedes' growing influence on Aston Martin
4 Nov 2020
Mercedes to increase Aston Martin share holding to 20% as part of new deal
Aston Martin

Mercedes to increase Aston Martin share holding to 20% as part of new deal

Aston Martin to take further technologies from Mercedes in return for further shares in the financially battered British company
27 Oct 2020
New £765,000 Aston Martin V12 Speedster put through paces before 2021 launch
Aston Martin V12 Speedster - front
Aston Martin

New £765,000 Aston Martin V12 Speedster put through paces before 2021 launch

British brand’s Q Division using prototype of the 690bhp Aston Martin V12 Speedster supercar to complete the final touches
7 Oct 2020

Most Popular

UK’s most stolen cars revealed
Most stolen car
Ford Fiesta

UK’s most stolen cars revealed

DVLA data reveals which cars were most commonly stolen in 2020, with the Ford Fiesta topping the list
26 Jan 2021
Revised Mazda CX-5 crossover launched for 2021
Mazda CX-5 2021
Mazda CX-5

Revised Mazda CX-5 crossover launched for 2021

The updated Mazda CX-5 gets a larger displacement version of the brand’s SkyActiv-G petrol engine and a fresh infotainment system
26 Jan 2021
New Lotus ‘Type 131’ due in 2021 as Elise, Exige and Evora bow out
Lotus range
Lotus

New Lotus ‘Type 131’ due in 2021 as Elise, Exige and Evora bow out

A new look Lotus line-up is teased with heavy influence from Evija hypercar expected
24 Jan 2021