Business Standard

Aston Martin boosts IPO prospects on DB11 demand


Aston Martin Holdings surged to its third consecutiv­e quarterly profit on robust demand for the new DB11 sports car, putting the UK automaker in a better position for a potential share sale even as Brexit clouds its longer-term outlook. The company, whose high-end sports cars featured in James Bond films, has been eliminatin­g jobs and and expanding its model range to reverse six years of losses. In a bid to follow a trail blazed by Italian rival Ferrari NV, the Gaydon, England-based carmaker could consider an initial public offering on the London Stock Exchange as early as next year, people familiar with the matter said in May.

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