Aston Martin wants to get listed on the London Stock Exchange.
The 105-year old British luxury carmaker made the announcement on Wednesday. However, it is yet to take the final decision on going public, and more details on the matter will be unveiled around September 20. The initial public offering could reportedly value the company at over $6 billion, as mentioned in some media reports. It might initially float a minimum of 25% of the company.
In 2017, Aston Martin made £876 million ($1.1 billion) in revenues, which is a nearly 50% surge over the previous year. It sold over 5,000 cars – a nine-year high - the same year. The company projects the full-year sales for 2018 to rise to between 6,200 and 6,400 units. It aims to build nearly 10,000 in the 2020 calendar year.