Autocar RSS Feed: Aston Martin owners consider floating company on stock market

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Aston Martin owners consider floating company on stock market Dec 18th 2017, 10:44 Kuwaiti and Italian shareholders of the company has hired a financial advisory firm to help float Aston Martin on the stock market The owners of Aston Martin are considering floating the company on the stock market and have hired financial advisory firm Lazard to draft a plan ahead of the decision.  Aston's Kuwaiti and Italian owners could float the company as soon as late 2018, the Sunday Times reports, but selling to a rival car company also hasn't been ruled out.  Italian company Investindustrial took a 37.5% stake in Aston Martin in 2012 and was later followed by Daimler, which owns 5%.  Rival McLaren also considered a stock market entry earlier this year, while Ferrari's stock market flotation preceded the company's value doubling to around £15 billion since early 2016.  It's likely that a stock market flotation is being considered due to the remarkable success of the DB11, as well as the recent unveiling of the new Vantage. These core products, as well as the promise of more to come in a complete Aston Martin family, would begin Aston's stock market era strongly, with high share prices prompted from its current strong position.  Electric vehicle company Tesla has been prominent on the stock market, with the company's value fluctuating depending on the internal affairs at the time; the trade value of the brand fell amid its recent production troubles, but often jumps at the announcement of a new product.  Read more McLaren Automotive boss considers floating company on stock market 2017 Aston Martin Vantage leads Aston's new model blitz Fiat completes Ferrari split Ferrari valued at close to $10 billion as part of New York offering 2018 Aston Martin Vantage makes public debut in LA

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