Aston Martin has confirmed reports it is gearing up for a London listing.
The public offering is expected to value the company at around £5bn.
The British manufacturer of luxury sports cars confirmed its plans to list when it released its annual results this morning.
More details about the public offering will be released when the company’s registration documents, which have been submitted to the FCA, are published later today.
In its statement, Aston Martin said its prospectus is due to be published on, or around, 20th September.
Deutsche Bank, Goldman Sachs and JP Morgan have been appointed as coordinators of the IPO and Lazard is acting as financial adviser.
Andy Palmer, the firm's president and chief executive, said: "Today's announcement represents a key milestone in the history of the company, which is reporting strong financial results and increased global demand for its award-winning sports cars.
"As we continue to execute our Second Century Plan, combining a product offensive and expanding manufacturing footprint, we have the resources and balance sheet strength to continue delivering on our growth strategy.
"Today's results show that we have continued to deliver sustainable growth, margins and value for our shareholders whilst launching three new models and variants in the first half of the year.”
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In its first half financial results, Aston Martin reported revenues were up 8% year-on-year to £445m.
The car manufacturer also saw a 14% increase in adjusted EBITDA to £106m compared with £93m in the same period of 2017.
The company said the improved performance was primarily driven by increased revenue from sales of special edition vehicles, in particular the Vanquish Zagato family and DB4 GT Continuation models and revenue from the Aston Martin Consulting business.
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