-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.
The firm, a favourite of the fictional spy James Bond, is set to hire Deutsche Bank, Goldman Sachs and JPMorgan to prepare a possible London stock market listing, Reuters reported.
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 Invest industrial.
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.