Here's What You Need To Know About Aston Martin's Upcoming IPO

Luxury British carmaker maker Aston Martin is seeking a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut next month and has geared up for any Brexit outcome, it said on Thursday.

The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it planned to sell around 25 percent of its stock in the first initial public offering (IPO) by a British carmaker for decades.

A bookrunner for the IPO said late on Thursday the company had already received orders for all the stock on sale. A source familiar with the matter said that was at the bottom end of a price range valuing the company at 4.02-5.07 billion pounds...
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CANADIANCOMMENTS - 9/23/2018 7:51:46 PM

+2 Boost

Good for Aston Martin. Things should really get going once the DBX comes out as well as the Lagonda series of pure electric vehicles.

MDarringer - 9/23/2018 10:16:11 PM

+1 Boost

MB will swallow them soon.

PUGPROUD - 9/24/2018 8:33:50 AM

+1 Boost

This company has always found a way to survive and is on a roll. IPO price may be a bit rich but if you buy and hold it will be a winner for sure. Purchased 20 shares of Ferrari at $50 a share when it went public for my car crazy grandson's 11th birthday present...its now $137 a share a few years later. He likes to tell his friends "I don't own a Ferrari but I do own Ferrari!" Aston's IPO is Oct 8th and my grandson's 14th birthday is Oct 15th...plan to buy him 50 shares for his gift this year.

mre30 - 9/24/2018 9:21:17 AM

+1 Boost

Having publicly traded stock makes the inevitable "take-over" by "____" even easier as there will then be a few years of audited, SEC-caliber financial history readily available. Being public also makes it more difficult to 'bury' any problems - it is the great leveler.

Aston has somewhat of an uphill battle. We wish them every success.

skytop - 9/25/2018 9:27:00 AM

+1 Boost

Aston vs. Hyundai Genesis illustration:

https://i.pinimg.com/originals/57/2f/78/572f78c5dcac4fa7ff3f5ff495c16327.jpg