Lotus IPO

Lotus eyes up IPO to supercharge production - City AM

Iconic British car maker Lotus is heading towards a multi-billion pound floatation as it readies to open a new production plant in China and targets 100,000 sales a year by 2030.

www.cityam.com

 

[freefall_junkie]

Lotus eyes up IPO to supercharge production - City AM

Iconic British car maker Lotus is heading towards a multi-billion pound floatation as it readies to open a new production plant in China and targets 100,000 sales a year by 2030.

www.cityam.com

Wow, really didn't see that coming. What a time for Lotus.

 

[Tonyshepp]

Wow, really didn't see that coming. What a time for Lotus.

No I'd have thought in a few years when the brand resestablished but not now.

 

[aEdMIRA]

Chinese just taking advantage of the goodwill the Emira has brought. Will probably have a massive premium and then half (and then half again) by that time, it may be a good investment!

 

[DJS]

The way Lotus is going it could be the the new Apple

 

[NickR]

The way Lotus is going it good be the the new Apple

That would be nice ... But a realistic view would be the Volvo float with a return of 70% in 2 years

 

[LotusAmateur]

They are trying to cash out the EV dream as they are doing with Polestar - that has crazy valuations. Let's see - does not always work well. Ask Aston Martin.

 

[Lots_Of_Trouble]

Lotus eyes up IPO to supercharge production - City AM

Iconic British car maker Lotus is heading towards a multi-billion pound floatation as it readies to open a new production plant in China and targets 100,000 sales a year by 2030.

www.cityam.com

100k cars a year,Lotus will become the exact reason I left Porsche...: they'll be everywhere

 

[Tonyshepp]

No way is Lotus a multi billion or billion pound enterprise.

100k cars a year,Lotus will become the exact reason I left Porsche...: they'll be everywhere

The Chinese built cars maybe, not the sports cars.. the true Lotus cars.

 

[Lots_Of_Trouble]

No way is Lotus a multi billion or billion pound enterprise.

The Chinese built cars maybe, not the sports cars.. the true Lotus cars.

I hope this is the case

 

[Tonyshepp]

I hope this is the case

I do wish them well a UK ish success story but they need a solid set of accounts for some years to generate that valuation. Aston is currently valued at 1.3 billion and dropping month on month.

 

[Johnson]

I think it’s a good bet. Coming from very low sales (comparably), the Emira will be the start of much higher turnover for the group. Plus their electrification of the brand is well sorted, with a lot of infrastructure and IP already resolved.

Ironically, the biggest risk is the Lotus old-world thinking. Trying to keep the company purely British and maintain a ‘small factory’ mentality. A public company needs growth potential or no one will buy in, particularly medium-term.

 

[frazzer]

An IPO takes a lot of time and resources from a company - all the paperwork, the roadshow etc...wonder where that capacity would come from

 

[Tonyshepp]

An IPO takes a lot of time and resources from a company - all the paperwork, the roadshow etc...wonder where that capacity would come from

Customer services???