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Aston Martin drives ‘milestone’ £5bn float as profits accelerate



Aston Martin says it is gearing up for a “key milestone” in its history through a stock market listing.

The luxury UK sports car manufacturer confirmed a story by Sky News on Tuesday that it had started the flotation process, with the aim of launching the prospectus for its Initial Public Offering (IPO) on 20 September.

Further details were expected to be released later on Wednesday when registration documents, submitted to the Financial Conduct Authority (FCA), are due to be published.

Sky’s City editor, Mark Kleinman, has already reported that 2,700 staff at James Bond’s favourite carmaker were expected to benefit from a share scheme while customers could also be given preference.

More follows…

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