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Aston Martin close to IPO on the London Stock Exchange

According to a report from Sky News, Aston Martin is close to announcing plans to go public with an IPO on the London Stock Exchange. A listing on the New York Stock Exchange has also reportedly been considered. In December of last year, news broke that the company's owners had hired financial advisory firm Lazard to prepare for a potential offering. The report suggests that the British automaker is looking at an offering of $1.29 billion (GBP1 billion) in shares and an overall company valuation of around $6.44 billion (GBP5 billion). An Intention To Float statement could be filed as early as next week, says Sky. Last year was good for Aston Martin, with a total of 5,117 vehicles sold globally, a 58 percent jump from 2016. The company reported pre-tax profits of nearly $112 million (GBP87 million) in 2017. And it is working on a flurry of new products such as the Valkyrie supercar, an upcoming SUV, the new DBS Superleggera (shown above), and even an ultra-exclusive, real-life James Bond gadget-laden DB5. As of right now, Aston Martin's largest investors are I taly's Investindustrial and Kuwait's Investment Dar. Daimler also holds a sizable stake. Aston said it had filed a registration document with Britain's Financial Conduct Authority, a requirement for firms considering an IPO, at a time when the likes of Tesla boss Elon Musk have slammed the additional pressures of being listed. Pending a final decision from the FCA, a prospectus will be published on or around Sept. 20 as the maker of sports cars that can cost hundreds of thousands of pounds hopes to tap into global demand from wealthy buyers who want a slice of the high-end brand. The carmaker hopes to complete the flotation this year, the same target that British Prime Minister Theresa May is working towards to agree a deal for leaving the European Union. Aston sells roughly 25 percent of its cars to the EU and operates its only plant in Gaydon, central England, with a second one due to begin operations in Wales in 2019. "We can demonstrate that Brexit is not a major effect for us," Chief Executive Andy Palmer told Reuters. "If there is a tariff into Europe, it's countered by a tariff into the UK for our competitors so you might lose a little bit of market share in the EU but you pick it up in the UK," he said. Niche carmakers such as Aston and McLaren are more concerned about customs checks than tariffs as they believe many of their buyers can absorb a price hike.

Aston Martin and Mercedes-Benz expand collaboration

Aston Martin on Tuesday expanded a deal with Daimler to access the German automaker's technology, including its hybrid and electric drive systems, in exchange for new shares as the struggling British luxury carmaker's new boss drives changes. The company will place 250 million new shares with new and existing institutional investors at 50 pence (currently around 65 cents) a share, said the 107-year car maker that hired Tobias Moers, former CEO of Mercedes-AMG, to become its boss from August. The new shares issued would increase the size of Mercedes-Benz's stake to no more than 20% by 2023 from the current 2.6% in several stages. "We take another major step forward as our long-term partnership with Mercedes-Benz AG moves to another level with them becoming one of the Company's largest shareholders," said Chairman Lawrence Stroll. The German firm would get the right to nominate one non-executive director to Aston Martin's board after its first shareholding increase. The James Bond car maker, which has started deliveries of its first sport utility vehicle, the DBX, reported third-quarter adjusted core loss of 29 million pounds compared with a profit of 43 million pounds last year and revenue that nearly halved to 124 million pounds. Related Video:

James Bond 1965 Aston Martin DB5 movie car up for auction

Aston Martin made headlines and sparked strong emotions when it announced it would be building fully-functional continuation versions of the famous gadget-laden 1964 Aston Martin DB5 from the James Bond film Goldfinger. But if a modern replica doesn't cut it, you'll have the opportunity to buy an original Goldfinger-specification Aston Martin DB5 this summer. It will go to auction at RM Sotheby's event in Monterey during Pebble Beach week, and it also features functional gadgets. This particular car is one of two 1965 Aston Martin DB5 ordered up by Eon Productions, the company behind Goldfinger and the next film Thunderball. Both cars were purchased and used as promotional cars in the U.S. for Thunderball. While they weren't used on screen, they did get all the gadgets from the film, and according to RM Sotheby's, the functioning gadgets were installed by Aston Martin and built to be used repeatedly and reliably, unlike the film cars. The auction house notes that the car has only had three private owners. It's also went through a complete restoration that was finished in 2012. That restoration also included the gadgets, so you should be able to raise the bullet-proof shield, extend the bumper overriders, activate the smoke screen, front guns and oil slick. Presumably the ejector seat doesn't actually work, but the panel above is removable. The various toggle switches along with the weapon drawer and tracking screen are all accounted for, too. When the car goes across the block in August, the price will certainly be in the seven figure range. The car was previously sold by RM Sotheby's in 2006, and it went for $2,090,000. The car had not been fully restored at that point, either, so it should go for even more this year. We'll be curious to see if it matches the $3.6 million price of the continuation cars.