Aston Martin seeks Ferrari-like US$6.7bil listing


  • Auto
  • Friday, 21 Sep 2018

LONDON: Aston Martin filed for an initial public offering (IPO) in London that would value the maker of luxury sports cars as high as £5.1bil (US$6.7bil), seeking a multiple that would approach rival Ferrari NV.

The James Bond carmaker would sell a 25% stake at between £17.50 and £22.50 per share, it said in a statement. Trading will begin on the London Stock Exchange in October.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Aston Martin , Ferrari , listing , stocks , shares ,

   

Next In Business News

Lotte Chemical Titan’s 1Q net loss narrows to RM178mil
Pasukhas gets data centre construction job worth RM56.98mil
FBM KLCI bucks regional downtrend
Indonesia's inflation rate eases slightly in April
Main Market-bound Feytech holdings aims to raise RM114.66mil from IPO
Asian equities slip on Fed decision; Indonesia drops as inflation rate eases
TA Investment declares distributions for two funds
Yinson Production completes US$1.3bil project financing for Agogo FPSO
ACE Market-bound Smart Asia chemical aims to raise RM37.4mil from IPO
Pandora raises full-year forecast on strong U.S. sales

Others Also Read