McLaren eyes stock market float in five years

By on Friday, September 23, 2011

The F1 team's parent company, McLaren Group, could be listed on the stock market in five years.

In Singapore on Friday, the company's executive chairman Ron Dennis - the former long-time boss of the Woking based team - revealed ambitious plans to build 4,000 production sports cars per year.

"In five years, which is the point of which we have the mathematics to logically have an IPO, we will look at all markets," he told reporters.

Reuters said the company is currently valued at more than $750 million.

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