Luxury car brand Aston Martin is set to announce its long-awaited £5bn stock market listing.
The luxury car-maker will announce on Wednesday – alongside interim results – its intention to list on the London Stock Exchange in the autumn, according to Sky News.
The launch of Aston Martin's initial public offering (IPO) will involve the sale of approximately £1bn of shares, mostly by existing investors.
The process could even begin as early as next week with an Intention to Float statement.
Earlier this year it was reported that the company lined up Deutsche Bank, JPMorgan and Goldman Sachs to co-ordinate the IPO.
Insiders told Sky News that Aston Martin would update the market on its flotation alongside “healthy” interim results, adding that the company would be seeking a valuation at the top end of a previously indicated £4bn-5bn range.
A spokesman for Aston Martin said the company would not comment on “continued speculation.”