Aston Martin to float on London Stock Exchange

| 29 Aug 2018
Classic & Sports Car – Aston Martin to float on London Stock Exchange

Aston Martin has confirmed that it will float on the London Stock Exchange, probably within the next few weeks.

This comes after the sports-car manufacturer achieved record profits.

Today, registration documents have been submitted for approval to the Financial Conduct Authority, and a prospectus is scheduled to be published on or around 20 September. 

The formal launch of the company's Initial Public Offering (IPO) will see up to £1 billion of shares (worth an estimated 25% share) in the firm offered for sale.

This floatation will doubtless aid Aston Martin's expansion plans, which include the construction of an all-new plant in St Athan, South Wales, which is due to open next year.

“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," said Dr Andy Palmer, Aston Martin Lagonda’s President and Chief Executive Officer.

"As we continue to execute our Second Century Plan, combining a product offensive and expanding manufacturing footprint, we have the resources and balance sheet strength to continue delivering on our growth strategy."

See more on our sister site Autocar.

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