Daily Management Review

Aston Martin applies for IPO


08/29/2018


The British manufacturer of sports cars Aston Martin Holdings Ltd announced its intention to conduct an initial public offering on the London Stock Exchange (LSE).



pixabay
pixabay
As stated in the company's press release, the relevant documents have been sent to the Financial Conduct Authority (FCA).

Dow Jones writes with reference to informed sources, shares worth up to 1 billion pounds ($ 1.29 billion) can be sold in the course of the IPO, and the company itself can be valued at 5 billion pounds.

Also, the company reported on financial indicators for the first half of the year. Adjusted EBITDA of the automaker increased by 14% in January-June to 106 million pounds, revenue increased by 8%, to 445 million pounds.

Earlier it was reported that sales of Aston Martin in 2017 exceeded 5 thousand cars for the first time since 2008.

The company announced its intention to begin production of DBX off-road vehicles at a new facility in Wales by 2019, Aston Martin's entry into an attractive and new market segment for it can support investors' interest in the initial placement of shares, experts say.

Aston Martin was founded in 1913. The company gained fame as well due to the fact that its cars were driven by special agent James Bond.

In 1994-2007, Aston Martin was owned by Ford Motor Co., currently owned by a consortium of investors, including Kuwait's investment companies, as well as Italian InvestIndustrial.

source: dowjones.com






Science & Technology

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

NASA orders Lockheed Martin to build spacecraft to fly to the Moon

World Politics

World & Politics

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again

Pressure From China Forces Maserati To Dissociate From Film Awards Event In Taiwan

China to replace Hong Kong's Carrie Lam

Iran warns of new reduction in nuclear deal liabilities

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria