Large Investors Threaten to Shun Ocado IPO over Valuation Fears

Sunday, July 11, 2010 23:35
Posted in category News

OcadoSome of the uK’s biggest investors are now threatening to shun the initial public offering of the online grocer—Ocado, which has launched one of the most ambitious listings in 2010.
The lossmaking retailer is looking to raise £200 million from the sale of new shares, with investors selling about another £200 million of shares, led by the John Lewis pension fund.

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