- Luxury automaker Aston Martin is reportedly preparing for an IPO.
- The IPO could be worth as much as £5 billion, according to reports.
- The manufacturer is currently owned by Italian private equity fund Investindustrial.
Luxury carmaker Aston Martin is lining up three banks to manage a floatation that could value the firm at between £4bn and £5 billion ($5.6 billion t0 $7 billion), according to reports.
It follows reports by City A.M. in February that the British firm was mulling a possible initial public offering (IPO) in London, though New York, which attracted Ferrari’s 2015 listing, is also said to be a contender.
The once struggling company, which just had its best year in a decade, is owned by Italian private equity fund Investindustrial.
Last month, research by Brand Finance revealed Aston Martin’s brand value had revved up by 268 percent to $3.6bn (£2.6bn), topping the table as the fastest growing car brand in the world in 2018.
Aston Martin did not immediately respond to a request for comment.