Aston Martin may be partially floated on the London Stock Exchange in three to five years' time
10 June 2008

Aston Martin boss Dave Richards has suggested that the company may be partially floated on the London Stock Exchange. Richards told the Daily Mail that “we will look towards a partial IPO… it would be to finance the next models and fund engine development work where clearly there’ll be a requirement for further investment.”Aston Martin was sold by Ford last year to two Kuwaiti investment companies in a consortium led by Richards. There has been considerable speculation as to how the company will fund the development of future models and it’s believed that Mercedes-Benz may become a major technical partner.An IPO would allow small investors to buy a stake in the iconic sportscar brand. Richards indicated that the revenue-raising move is expected to take place in three to five years’ time.

Will Powell

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10 June 2008

I think this is bad news. Unless the company wants to expand its offerings then it already shows that cash-flow is unlikely to be sufficient to fund replacement models for the existing line.

A company as small as Aston Martin is also vulnerable to a hostile takeover by a much bigger company.

Is Dave Richards taking Aston Martin back to the bad old days?

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