Aston Martin plans $6.4B initial public offering

Aston Martin will go public on the London Stock Exchange before the end of the year and will sell $1.29 billion in shares, valuing the company at $6.4 billion, according to CNBC.

The company, known as the maker of James Bonds' sports car of choice, recorded its highest-ever sales last year with more than $1 billion in revenue after selling 5,117 cars, its most since 2008.

Aston Martin plans to create an all-electric car division, Aston Martin Lagonda, that will launch in 2021.

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