Aston Martin planning to float by the end of 2018

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An Aston Martin DB5 is displayed as part of a James Bond exhibition in Paris in 2016.

After months of speculation regarding an impending IPO, the public offering will see the company sell £1 billion ($1.29 billion) in shares, which would value the Aston Martin at around £5 billion ($6.44 billion).

The sports auto maker has been considering an initial public offering for some time.

Aston Martin, the British manufacturer of luxury cars, will be going public in one of the most high profile IPOs this year.

Pending a final decision, a prospectus will be published on or around September 20 as the maker of sports cars that can cost hundreds of thousands of pounds hopes to tap into global demand from wealthy buyers who want a slice of the high-end brand.

The company didn't mention its valuation in its announcement Wednesday, but said it plans to float at least 25% of its shares on the stock market.

If successful, Aston Martin would become the first British-based automaker to be listed in London for years, following the sale of such brands as Jaguar, Bentley and Rolls-Royce to foreign owners. The main driver for the regeneration of the company has been the new management team led by president and chief executive Andy Palmer, who have championed a vision for the creation of new brands and new models - a focus Aston Martin didn't have before'.

Bosses at the Gaydon, Warwickshire, based company are reluctant to put a value on Aston, which sold 5,117 of luxury sports cars a year ago, generating revenues of £876m and an £87m pre-tax profit.

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"Aston Martin. has been transformed into a luxury business focused on creating the world's most handsome high-performance cars", CEO Andy Palmer said in a statement.

He added: "This transformation has delivered significant growth in revenues, unit volumes and profitability".

Italian group Investindustrial, Kuwait's Investment Dar and five-percent shareholder Daimler, will retain stakes in the firm.

The announcement came as Aston Martin said first-half pre-tax profits rose to 20.8 million pounds ($26.8 million) from 20.3 million pounds during the same period a year ago.

He also cheered the implementation of the company's strategy, which includes the opening of a new plant in St Athan in Wales in 2019.

The carmaker sold over 5,000 cars in 2017, its best performance in nine years.

The company is building a new factory in Wales, where it is expected to base production of its Lagonda Vision emissions-free electric sports vehicle. Aston Martin said in March that Lagonda cars could come to market as early as 2021.

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