Back in 2015, Ferrari filed for an initial public offering, receiving a valuation of about $9.8 billion. For the first few months, the stock price slid, but eventually, it recovered and has been steadily increasing since then. Now it looks like Aston Martin might try the same thing.
Bloomberg reports that Aston Martin is considering an IPO with a valuation around $6.8 billion (€5 billion). Investors are reportedly interested in making this move ahead of Aston’s introduction of the production DBX crossover in 2019. Sales were strong in 2017, breaking the 5,000-unit mark for the first time in nearly a decade, but the popularity of luxury crossovers means the DBX is expected to improve sales even further.
According to Bloomberg‘s source, the company is still debating the IPO and is currently considering other directions, as well. In the same vein, the $6.8 billion target valuation is said to only be an initial estimate and isn’t set in stone. It’s also not something Aston’s willing to speak publicly about. When asked by Bloomberg for a comment, Aston Martin’s spokesperson replied, “As a matter of policy, Aston Martin does not comment about speculation concerning future ownership or capital restructuring.”
Still, if the British automaker does decide to go through with the IPO, that means you’ll at least be able to own a piece of Aston Martin even if you can’t afford one of its cars.
Source: Bloomberg
The post Aston Martin Reportedly Considering Going Public appeared first on Motor Trend.
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