MILAN: 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 11%.
The new goal is £18.50 to £20 per share, the luxury car maker said yesterday in an emailed term sheet. Previously, the company had set a range of £17.50 to £22.50, as it seeks a valuation higher than its only listed rival, Ferrari NV.
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