Continuing the discussion from Dream IPO:
Aston Martin IPO confirmed
Continuing the discussion from Dream IPO:
Aston Martin IPO confirmed
Sky News can exclusively reveal that James Bondās favourite car marque will announce alongside interim results on Wednesday that it intends to list on the London Stock in the autumn.
So Bloombergās reporting that, that might not be right -
Aston Martin hasnāt yet decided on an initial public offering in London, and a listing in New York or sale of stock to a private investor remain under consideration, the luxury carmakerās chief executive officer said.
Although theyāre sounding more optimistic in this story, that they just put out -
Iām just hoping that weāll be able to buy the shares using Freetrade
IPO confirmed on the FT 2 hours ago.
Can we get why confirmation from the team if itāll be possible? Assuming we have access to the app that is.
Would you really buy shares in a small car company? How many times have Aston gone bust so far?
Donāt care. Just like the idea of owning a piece. I canāt afford one of the cars.
Weāll need to wait until the official prospectus is released to ascertain whether this will be a security we can support. Hopefully so, as it appears there is already a degree of interest!
I had an email from HL asking for an initial show of interest Thursday last week.
Just for clarity, you mean regular purchase post IPO - not that we can take part in the IPO right?
Is it explained somewhere what the criteria are for securities that can be supported?
Thatās correct, we wonāt be offering the facility for taking up IPOās. We would only consider enabling trades on a secondary market such as the LSE post IPO.
As a general rule, we want to ensure our universe is made up of the FTSE, ETFs and US stocks where there is sufficient demand.
If youāve not already seen, you can submit requests for stocks to be added to our universe on the following thread:
I had similar thoughts, just because the cars are cool doesnāt make this a buy. I havenāt done enough research to say one way or they other but I would be cautious
Thereās definitely been skepticism about their valuation, with a couple of stories in the mainstream press, this column in Bloomberg sums up most of it
https://www.bloomberg.com/view/articles/2018-08-29/aston-martin-s-ipo-is-a-case-of-ferrari-envy
Supercars are a rich manās folly - Lamborghini - owned by Audi, Ferrari - owned by Fiat, Buggati - owned by VW, even poor little Lotus - owned by Proton.
All are expensive flagships for a bigger pocket that wants to show off.
Aston has gone bust and been bought countless times. Alone they simply do not have the resources to develop next gen cars.
Donāt get me wrong, I love supercars. But an investment? No way.
7 times so far @DaveTMG
The Ā£5bn valuation will be 20x estimated 2019 earnings. as cool as it would be to own a piece, Iām not convinced it would be good value at that price. I do hope they smash it though, as an icon of British manufacturing (and amazing 007 cars)
Thereās always this option -
Thatās pretty cool.
For the benefit of any investor noobs.
No offence to anyone because I am the same and just want to own a piece, however, itās this kind of folly that gets investors in trouble.
Either, owning and holding for the sake of it, or not knowing when to sell.
This is exactly why trackers and managed funds are the way to go for long term investing.
I want in on the IPO because often there is a quick buck to be made on the public launch plus no fees to buy but that is not always the case and share prices do dip post launch.
Has anyone got a broker that is offering this yet? Did HL confirm?
So $AML debuted today, slightly disappointing in early trading, opened at Ā£19 but low as Ā£17.75, so missing out on the FTSE 100 with a Ā£4bn valuation, instead of the Ā£5bn they were hoping for.
Well after Royal Mail tanked this week, a Ā£4bn market cap slightly beats them. So at the next shuffle they might move up.