![]() ![]() The existing investors have injected substantial but necessary investment, thought to be hundreds of millions of dollars, into Aston Martin since 2013 when the business was still making severe losses and suffering from a lack of direction. Ford had taken a controlling stake in 1987 before taking full ownership of Aston Martin in 1994, eventually offloading the business for £479 million. Investment Dar was part of the consortium of investors that purchased Aston Martin from Ford Motor Co in 2007. Mercedes-Benz owner Daimler, which acquired a 4.9%, non-voting stake in the British carmaker back in 2013, didn’t intend to sell any shares as part of the IPO and converted all of its holding into ordinary voting shares. However, both Investment Dar and Investindustrial retained a significant chunk of their shareholding in Aston Martin after the IPO. Importantly, Aston Martin did not raise any funds or issue new shares as part of its IPO, with the two major shareholders selling-down their respective stakes instead. In the period after the IPO Aston Martin shares have not fared well, recording the worst first-day performance of any newly-listed stock this year and sliding to a low of £18 per share.īefore the IPO, Aston Martin was owned by Kuwait’s Investment Dar and Italy’s Investindustrial. It had 200 million preference shares and further outstanding warrants that were converted into shares as part of the IPO. Aston Martin was anticipated to be worth £5 billion once it made its premium listing on the Main Market, but that ended up being at the top end of its range after setting an IPO price of £19 per share to give an valuation range of £4.3 billion, the bottom end of its £4.02 billion to £5.07 billion target range.Īston Martin did not raise any new equity and all of the IPO shares were being sold by existing shareholders. What was Aston Martin valued at when it launched its IPO?Īston Martin launched its IPO on the London Stock Exchange (LSE) 3 October 2018. But, having been bankrupt seven times during its rich history and with Brexit lurking round the corner there is also a whiff of caution in the air. ![]() With much of Britain’s car industry having fallen into foreign ownership over the last four decades, including those popular with more affluent customers like Jaguar and Bentley, Aston Martin would be the first UK carmaker to list in London since the 1980s.Īfter installing confidence in both its management and its strategy over the past three years and reporting record sales as it announced its IPO plans, Aston Martin has given investors plenty of reason to get excited. Investors are now able to get a slice of one of the most luxurious names in British business as the 105-year-old company, famed for its high-performance sports cars such as the DB5 made famous by James Bond, looks to make its debut after recovering from years in the red and initiating plans that will see the firm release a swathe of new models over the coming years. Rev up your engines and shift into gear – Aston Martin has gone public following one of the most notable initial public offerings (IPO) this year. ‘This is a monumental moment,’ – Aston Martin chief executive Andy Palmer.
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