2012 Aston Martin Virage Volante
Reports of Aston Martin attempting to go public and file an initial public offering (IPO) date back almost as far as when the classic British brand was first sold by Ford to a consortium led by Prodrive founder David Richards.
The automaker is now on the verge of a massive expansion plan, starting with the development of a brand new DB9 and a sales launch into the lucrative Chinese market, and reports of a possible IPO have flared up again.
To fund this expansion, Aston Martin recently issued up to $485 million in secured notes though going into the future more funding may be required and according to its CEO, Dr. Ulrich Bez, an IPO may be the way to go.
“We are still thinking of an IPO,” Bez revealed to Bloomberg. “We will be ready for it if the time is right. You need to pick the right window.”
Though he didn’t confirm if Aston Martin would conduct its IPO on the London Stock Exchange, British companies are usually floated in the local market.
With the automaker about to receive an import license for China, which would essentially allow it to establish its own national sales arm, there’s major potential for its sales to take off, in which case Aston Martin needs to be prepared for financially.
Note, Bez was quick to point out that Aston Martin was under no pressure from shareholders to carry out an IPO and that it had enough funding already for its current expansion plans.