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		<title>Aston Martin to unveil plans for $6.4bn float on London Stock Exchange</title>
		<link>https://internationalfinance.com/markets/aston-martin-to-unveil-plans-for-6-4bn-float-on-london-stock-exchange/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=aston-martin-to-unveil-plans-for-6-4bn-float-on-london-stock-exchange</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Wed, 29 Aug 2018 06:30:44 +0000</pubDate>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[aston martin]]></category>
		<category><![CDATA[automobile]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[London Stock Exchange]]></category>
		<category><![CDATA[luxury]]></category>
		<category><![CDATA[Luxury Motors]]></category>
		<category><![CDATA[Sky News]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=20665</guid>

					<description><![CDATA[<p>The iconic luxury automobile manufacturer had reportedly appointed advisers to oversee an IPO earlier this year</p>
<p>The post <a href="https://internationalfinance.com/markets/aston-martin-to-unveil-plans-for-6-4bn-float-on-london-stock-exchange/">Aston Martin to unveil plans for $6.4bn float on London Stock Exchange</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The brand, most famously associated with the James Bond franchise will lay out its plans for a $6.4bn float on the stock market on Wednesday morning, according to a Sky News report.</p>
<p>The luxury car maker is all set to reveal details of a planned listing on the London Stock Exchange alongside its interim results. The company is expected to seek a valuation of $6.4bn , and will sell approximately $1.2bn worth of shares when it floats.</p>
<p>Sky News also reported that the group will deliver “healthy” interim results. Aston Martin declined to comment.</p>
<p>The report comes after months of speculation that the firm is gearing up to go public &#8211; in January, sources told Bloomberg that the motor manufacturer was in talks with advisers.</p>
<p>The Aston Martin group was founded in 1913 and has become one of the UK’s most well-known brands—most famously, via its association with the James Bond franchise. Bond’s Astom Martin DB5 was voted the greatest movie car ever in a recent poll.</p>
<p>The firm has also branched out from luxury motors in recent years, and earlier this month revealed plans to create a luxury aircraft.</p>
<p>Meanwhile, last year the company broke ground on a luxury property development in Miami.</p>
<p>The group is also planning to enter the Formula 1 world, and this year became the Red Bull title sponsor.</p>
<p>Aston Martin president and chief executive officer, Andy Palmer, stated that moving into Formula One was a possible future venture for the sportscar makers, although he stressed that the “right environment” would need to be created that would prevent costs from spiralling out of control.</p>
<p>&nbsp;</p>
<p>The post <a href="https://internationalfinance.com/markets/aston-martin-to-unveil-plans-for-6-4bn-float-on-london-stock-exchange/">Aston Martin to unveil plans for $6.4bn float on London Stock Exchange</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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