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Aston Martin enters the stock exchange

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Aston Martin enters the stock exchange
August 29
09:00 2018

Aston Martin, the manufacturer of sports cars from Britain, intends to hold an IPO on the London Stock Exchange. All relevant securities have already been sent for inspection to the Financial Conduct Authority, FCA.

According to Dow Jones, the company can be estimated at 5 billion pounds. In this case, securities worth up to 1 billion will be placed on the IPO.

According to the report for the first half of this year, pre-tax profits of the auto concern have amounted to 106 million pounds. This is 14% more than in January-June last year. The total revenue has grown by 8% to almost 450 million.

Earlier, the media announced that 2017 had been marked by selling more than 5 thousand units of sports cars for the first time in 10 years.

Aston Martin is going to hold an IPO for a good reason connected with a new project. This will be the DBX SUV. The company in Wales will start producing it in 2019. This is a new sphere for the company and it can turn out to be very profitable. The investors will be interested in a new car model allowing the company to successfully hold an IPO on the LSE.

The Aston Martin Company was founded in the beginning of the 20th century – in 1913. The concern produces high quality sports cars, which gained great popularity for a special style. Franchise about a special agent James Bond played a significant role in the promotion of the brand. He drove only Aston Martin. And we understand why.

In the ‘90s and early 2000s, Ford Motor Corporation owned the company. Now it belongs to a consortium of investors, including Kuwaiti investment companies and the Italian investment fund InvestIndustrial.

 

The material was prepared with the participation of Anjela Chromova,
a leading analyst of the brokerage company CT Trade

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