Aston Martin plans to go public as turnaround picks up speed
Updated : August 29, 2018 02:59 PM IST
The 105-year old firm, famed for making the sports car driven by fictional secret agent James Bond, would become the first British carmaker to list in London for years, following the sale of brands such as Jaguar and Bentley to foreign owners.
The initial public offering (IPO), which follows Italian rival Ferrari’s New York flotation in 2015, could see Aston valued at up to 5 billion pounds, sources have told Reuters, after it expanded its model line-up and production.
The carmaker hopes to complete the flotation this year, the same target that British Prime Minister Theresa May is working towards to agree a deal for leaving the European Union.
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