Aston Martin may soon follow Ferrari with a London IPO

Aston Martin may soon follow Ferrari with a London IPO

0 comments 📅20 May 2017, 21:00

Aston Martin may directly be following Ferrari’s lead, as Automotive News reports that people within the British automaker say it may promptly consider an initial public offering. If it happens Aston Martin will seemly list in London, not New York like Ferrari. While some in the industry were initially watchful of Ferrari’s move, the company is doing better than ever, with shares rising 62 percent since its IPO in 2015.

An IPO could be a mammoth plus for Aston Martin. The company is looking to boost both sales and profit. Ferrari and Aston Martin push similar vehicles at similar price points, but Ferrari has a much wider audience, stable if most of those fans will never even sit inside one of its cars. That would fitting be a big sticking point in estimating Aston Martin’s value. It also moves half as scads units as Ferrari per year.

Aston Martin does have a new crossover on the scope. Like Porsche, a crossover has the potential to more than double the automaker’s sales. Regular without it, fourth quarter profits in 2016 notably increased, fueled by sturdy sales of the new DB11. The IPO won’t happen until sometime next year. The company wants to wait on a choke-full 2017 earnings report.

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