Aston Martin has plans to file for an initial public offering (IPO) later this year, targeting a valuation of approximately $6.8 billion (£5 billion), Bloomberg News reports, citing unnamed sources.
According to those sources, the British automaker reportedly held preliminary discussions with advisors about a valuation for the company, including its debt. Aston Martin’s future plans that include SUVs, starting with the DBX, has investors interested in looking into an IPO this year. The automaker has plans to enter the booming segment in 2019.
In terms of sales, Aston is coming off of a strong year, as it passed the 5,000-unit mark for the first time since 2008. Most of the sales came from the V12-powered DB11, but the recently launched all-new Vantage and the upcoming DBX crossover will surely give the brand a serious boost.
Things are still in the air, though, as the automaker could go in a different direction. When the news agency asked Aston Martin for a comment, the automaker was non-committal: “As a matter of policy, Aston Martin does not comment about speculation concerning future ownership or capital restructuring.”
Well, floating some of your shares has worked wonderfully for Ferrari and FCA, so we can’t see any reason why Aston wouldn’t go down the same route if they decide to raise some extra capital.