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, 01:30

Aston Martin may speedily be following Ferrari’s lead, as Automotive News reports that people within the British automaker say it may in the near future consider an initial public offering. If it happens Aston Martin will promising list in London, not New York like Ferrari. While some in the industry were initially leery of 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 monumental plus for Aston Martin. The company is looking to boost both sales and profit. Ferrari and Aston Martin vend similar vehicles at similar price points, but Ferrari has a much wider audience, regular if most of those fans will never even sit inside one of its cars. That would odds-on be a big sticking point in estimating Aston Martin’s value. It also moves half as numberless units as Ferrari per year.

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

Source

Share this article:

No Comments

No Comments Yet!

You can be first one to write a comment

Leave a comment