Aston Martin set to float on the London Stock Market next year

Aston Martin is considering plans to list on the London Stock Market, which give fans to buy shares in the prestigious 104-year-old car marker.

According to a Bloomberg report they could float as early as next year.

The Warwickshire based luxury manufacturer could aim for valuation similar to Ferrari which listed in New York in 2015, which could make Aston Martin worth over £2billion, although it sells only 4000 cars a year.

Chief executive Andy Palmer, appeared in the latest edition of British Airways’ Business Life Magazine speculating that Aston Martin’s present Italian private equity owner Invest industrial will either sell the company to minority shareholder Daimler, or float the firm.

He is now having a detailed study of how the 80% increase in share price of their rival Ferrari, and tyre make Pirelli’s float plans.