Price-driven: Aston Martin lowers target ahead of IPO in London

Seven heaven: Daniel Craig as James Bond with an Aston Martin in the movie ‘Skyfall’

Aston Martin pared back its supercharged stock-market ambitions ahead of a planned initial public offering this week, lowering the top end of its targeted range by about 11pc.

The new goal is £18.50-20 (€20.80-22.55) per share. Previously, it had set a range of £17.50 -22.50, as it seeks a valuation higher than its only listed rival, Ferrari. Trading is set to begin on October 3 on the London Stock Exchange.