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Aston Martin going public soon

Company Aston Martin Lagonda Limited has announced more information regarding their forthcoming IPO, via LSE (London Stock Exchange). The initial price per share should be within a range of 17.5 to 22.5 GBP, which equals 23.24 to 29.88 USD. Price setting will be done on the 3rd of October and the day of IPO should be around the 8th. Financial analysts predict IPO happening on the 8th, and the first day of Aston Martin stocks on an exchange should be on 9th.

British manufacturer of luxury sports cars, Aston Martin, has begun preparations for this IPO already in April 2018, when they hired three investment banks to help them with their introduction to London Stock Exchange, while also assessing the price of the whole company in a range of 4 to 5 billion GBP (5.6 to 7 billion USD). Company has also announced that the final price of Aston Martin stock will be announced in the beginning of the next month, and the trading will begin around the 8th of October. Couple days after, Aston Martin stock will be added to other global trading platforms on the markets throughout the world and from there on, investors will be able to open long trades in expectation of rise in value.

Aston Martin Lagonda Limited is a British automotive company based in Gaydon, county of Warwickshire in England. It was founded in 1913 by Lionel Martin and Robert Bamford. In 1994, Aston Martin factories were taken over by American company Ford Motor Company. In March of 2007, Aston Martin was sold to British company called Prodrive. CEO of the company is Andy Palmer. The most famous car created by the company is Aston Martin DB 5, which was first revealed in a movie James Bond, where the protagonist owned this car. Later, the car was produced in an enhanced version DBS. In 1994, DB 7 Vantage model was released, after which new model was called Aston V12 Vanquish and Vanquish S, which was also used in a James Bond movie called ‘Die another day’. Production of this model was halted in 2007 and was essentially replaced by Aston DBS, which was based on DB5 and DBS from 1980. This model was used in ‘Casino Royale’. It takes 4.1 seconds for this model to go 0-100 km/h and its maximal speed is around 307 km/h.

Aston Martin cars are manufactured in the same town as the one where their headquarters are located, Gaydon. They are very proud of their exclusivity and details of each car made, which makes every car original and unique. Their sports cars are considered for a British cultural icon. In fact, they made a custom car for Welsh prince in 1982. They have more than 150 stores around the world, in more than 50 countries, which truly makes them global automotive company. Aston Martin became a global mark of luxury, and expands its reach into other projects, such as high-speed boats, clothes, real estate, submarines and planes based on license agreements.

Based on the latest research by Brand Finance from March 2018, Aston Martin has grown in their area by 268%, what made them the fastest growing car brand in the world in 2018. They sold more than 5,000 vehicles in 2017, what reflected into their highest revenue so far, 876 million GBP (1.1 billion USD), what is almost 50% more than year before. Turnover in the first 6 months of 2018 in comparison to corresponding period year before, shows growth of 8% and net profit increase by 14%. Aston Martin has also recently announced their market plan to the public. The revealed strategy shows us, that Aston Martin plans to release a new model of their cars every year. Aston Martin Lagonda Limited has had 876 million GBP turnover, EBITDA of 148,8 million GBP and net profit of 79 million GBP in a fiscal year 2017. Company employs around 1850 employees.

Based on the estimates of brokers and financial analysts of investment banks, the development of price of Aston Martin stock shouldn’t be too different from the entrance of Ferrari on the market via New York Stock Exchange on Wall Street. Economic reporters expect Aston Martin IPO to have a very strong potential to increase in price of the stock, especially in a mid-term and long-term period.

By: TipsForTrade


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