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Aston Martin close to IPO on the London Stock Exchange

According to a report from Sky News, Aston Martin is close to announcing plans to go public with an IPO on the London Stock Exchange. A listing on the New York Stock Exchange has also reportedly been considered. In December of last year, news broke that the company's owners had hired financial advisory firm Lazard to prepare for a potential offering. The report suggests that the British automaker is looking at an offering of $1.29 billion (GBP1 billion) in shares and an overall company valuation of around $6.44 billion (GBP5 billion). An Intention To Float statement could be filed as early as next week, says Sky. Last year was good for Aston Martin, with a total of 5,117 vehicles sold globally, a 58 percent jump from 2016. The company reported pre-tax profits of nearly $112 million (GBP87 million) in 2017. And it is working on a flurry of new products such as the Valkyrie supercar, an upcoming SUV, the new DBS Superleggera (shown above), and even an ultra-exclusive, real-life James Bond gadget-laden DB5. As of right now, Aston Martin's largest investors are I taly's Investindustrial and Kuwait's Investment Dar. Daimler also holds a sizable stake. Aston said it had filed a registration document with Britain's Financial Conduct Authority, a requirement for firms considering an IPO, at a time when the likes of Tesla boss Elon Musk have slammed the additional pressures of being listed. Pending a final decision from the FCA, a prospectus will be published on or around Sept. 20 as the maker of sports cars that can cost hundreds of thousands of pounds hopes to tap into global demand from wealthy buyers who want a slice of the high-end brand. 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. Aston sells roughly 25 percent of its cars to the EU and operates its only plant in Gaydon, central England, with a second one due to begin operations in Wales in 2019. "We can demonstrate that Brexit is not a major effect for us," Chief Executive Andy Palmer told Reuters. "If there is a tariff into Europe, it's countered by a tariff into the UK for our competitors so you might lose a little bit of market share in the EU but you pick it up in the UK," he said. Niche carmakers such as Aston and McLaren are more concerned about customs checks than tariffs as they believe many of their buyers can absorb a price hike.

Aston Martin investor says demand is 'phenomenal,' returned first in China

LONDON - Carmaker Aston Martin is seeing "phenomenal" demand, boosted by a rebound in China, the company's executive chairman and billionaire investor Lawrence Stroll said on Friday. "Demand right now is phenomenal," he told the Financial Times' "The Future of the Car" digital conference. "China really returned first and strongest, and is gangbusters." Stroll led a consortium which invested in Aston earlier this year as the carmaker struggled following its 2018 stock market flotation, after which its share price slumped. Since then a new chief executive has taken over and the 107-year company, famed for being fictional agent James Bond's car of choice, did a deal in October which sees German carmaker Daimler up its stake in the firm. Shareholders approved the latest capital injection plan on Friday. Stroll said Aston's current growth trajectory meant "the public markets are the right place" for the firm whilst eying an increase in the value of its shares, which stand at 79 pence ($1.06). "They'll be significantly worth more than they are today," he said. Reporting by Costas Pitas, editing by David Milliken and Louise Heavens

Aston Martin Vantage GT3 gets it done the old fashioned way [w/video]

Aston Martin may be looking towards the future with new product unveiled here at the Geneva Motor Show like the Vulcan track car and DBX electric crossover concept. But it's not about to leave its existing lineup behind. That's where the model you see here comes in. What you're looking at is the new Aston Martin Vantage GT3 Special Edition. As you might have guessed, it's based on the Vantage that first arrived a decade ago, but has come a long way by now: where the original packed a 4.3-liter V8 with just 380 horsepower, the GT3 goes with Aston's long-serving 6.0-liter V12 tuned to 592 horsepower. That's more powerful than anything this side of the One-77. Of course Aston didn't just toy with the engine and then head to the pub. It also replaced many of the body panels with carbon fiber and junked anything extraneous to cut the curb weight by 220 pounds (compared to the V12 Vantage S), fitted it with a more aggressive aero package and mounted semi-slick tires on a wider track. Only 100 examples will be offered, so if you're not on the list, the closest you're likely to get is in the slideshow of live images from the floor of the Geneva Palexpo. Featured Gallery Aston Martin Vantage GT3 Special Edition: Geneva 2015 View 10 Photos Related Gallery Aston Martin Vantage GT3 View 22 Photos Image Credit: Live photos copyright 2015 Drew Phillips / AOL Geneva Motor Show Aston Martin Coupe Performance Videos 2015 Geneva Motor Show aston martin v12 vantage aston martin vantage gt3