Deals
Aston Martin Seeks to Pass Ferrari With $6.7 Billion Valuation
- Level of investor interest in IPO is ‘unprecedented,’ CEO says
- Analysts skeptical James Bond carmaker can measure up
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Aston Martin is seeking a valuation that it expects will top its only listed rival, Ferrari NV. Analysts on the other hand? They’re not so sure.
The maker of luxury sports cars made famous in the James Bond movies filed details for an IPO in London Thursday that would value the U.K. company at up to 5.07 billion pounds ($6.7 billion). That would surpass the multiples of Ferrari, which makes more profit and churns out oodles of cash.