Home > Aston Martin Plans For $6.7 Billion October IPO

Business
Aston Martin Plans For $6.7 Billion October IPO

Description

LONDON (Reuters) - Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation. Aston, which builds all its cars in Britain and is due to open a second facility in the country next year, has warned about the impact of any customs checks as a result of Brexit which could slow down production and adds costs.

Added on the 20/09/2018 08:06:20 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Aston Martin Plans $6.7 Billion October IPO

    LONDON (Reuters) - Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said on Thursday. FILE PHOTO: Andy Palmer, CEO of Aston Martin, poses for a photograph next to the company's new Vantage car in Gaydon, Britain November 20, 2017.

    20/09/2018 - Wochit
  • Aston Martin Prepares For Brexit And IPO

    According to Reuters, auto maker Aston Martin is planning to overcome any of the pitfalls that Brexit may present them with, The luxury British carmaker maker is currently seeking a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut next month and has geared up for any Brexit outcome by boosting its stock of engines and components in case free and unfettered trade with the EU ends in a few months’ time.

    20/09/2018 - Wochit
  • Aston Martin Planning $6.7 Billion IPO

    LONDON -- Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its public stock offering and has taken steps to prepare for any eventuality over Brexit, it said on Thursday. The company said last month it was pursuing an initial public offering (IPO), the first British automaker to do so for decades. The automaker will publish a prospectus later on Thursday and hopes to announce its final pricing on or around Oct. 3. It expects its shares to be admitted to the London Stock Exchange on or around Oct.

    20/09/2018 - Wochit
  • Japan Suffers Another Bitcoin Heist

    Hackers stole $60 million in cryptocurrency from a Japanese digital exchange called Zaif. Business Insider reports the exchange is owned byTech Bureau Corp, an Osaka based company. The company said hackers gained access for a timeframe of over two hours on September 14. They stole money from Zaif's 'hot wallet' where Bitcoin and other digital currencies are stored. Reuters reports that server problems were detected on September 17. The company sounding the alarm to authorities the following day. The exchange was taken offline, and efforts have been underway to get it working again.

    20/09/2018 - Wochit
  • Uber Slowed As It Gears Up For IPO

    On Friday, Uber reported its loss dropped to $370 million last year from $4.5 billion in 2017. The company dramatically narrowed it loss last year, thanks to the sale of its businesses in Russia and Southeast Asia Uber's bottom line was boosted by the sale of two of businesses. The company's growth rate slowed dramatically in the fourth quarter. Sales grew just 2% from the third quarter and only 25% from the holiday period of 2017.

    15/02/2019 - Wochit
  • Afghans celebrate Valentine's Day in Kabul

    Images of Afghans preparing bouquets of flowers and decorating their cars for Valentine's Day in Kabul. IMAGES

    14/02/2020 - AFPTV - First images

More videosBusiness

Watch video of Located On A Huge Plain In Spain's East, Teruel Airport Is Scarcely On A Sunseeking Tourist's Radar, Yet Is One Of Precious Few Airports Positively Flourishing During The Coronavirus Crisis Which Has Dealt A Crushing Blow To The Aviation Industry And Tourism.   - Virus is good news for one Spanish airport - Label : AFP EN  -
Business

Virus is good news for one Spanish airport

22/05/2020 01:42:13

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -
Business

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24