Ocado to float June 24, 2010 ECHOES of the dotcom bubble returned to the City yesterday, as an online grocery delivery firm that has not turned a profit in 10 years confirmed it will float with an estimated value of £1bn. Ocado said it will seek to raise £200m when it floats this year and expects existing shareholders to cash in [...]
Ocado reels as rival IPO fails July 14, 2010 OIL and gas group Fairfield Energy last night pulled its upcoming stock market flotation in a move that further undermines the chances of online grocer Ocado floating at a sky-high valuation of £1bn. Fairfield was hoping to raise £330m as part of its flotation but on Tuesday it became clear that the group’s advisers were [...]
Doubts over Ocado value July 5, 2010 OCADO can expect a frosty reception to its prospectus when it finally launches this morning, as investors and analysts baulk at the expected £1bn valuation of the firm. The roadshow will get underway this afternoon but Ocado bosses face an uphill struggle if they are to persuade investors to part with their cash. The head [...]
Doubts over Ocado value July 5, 2010 OCADO can expect a frosty reception to its prospectus when it finally launches this morning, as investors and analysts baulk at the expected £1bn valuation of the firm. The roadshow will get underway this afternoon but Ocado bosses face an uphill struggle if they are to persuade investors to part with their cash. The head [...]
Ocado issues IPO prospectus July 4, 2010 OCADO will this morning unveil the prospectus for its ambitious initial public offering, which it hopes will value the firm at more than £1bn. The online grocery delivery firm will begin a two week roadshow tomorrow as it seeks to convince investors it is worth the monster sum despite never turning a profit. Ocado, which [...]
Ocado issues IPO prospectus July 4, 2010 OCADO will this morning unveil the prospectus for its ambitious initial public offering, which it hopes will value the firm at more than £1bn. The online grocery delivery firm will begin a two week roadshow tomorrow as it seeks to convince investors it is worth the monster sum despite never turning a profit. Ocado, which [...]
John Lewis issues £50m retail bond March 6, 2011 THE John Lewis Partnership has issued a retail bond for its cardholders and Partners in a bid to raise £50m of funds by April. Customers who hold either the Partnership or Account cards, as well as current Partners in the employee-owned firm, can invest lump sums of between £1,000 and £10,000 into the John Lewis [...]
John Lewis issues £50m retail bond March 6, 2011 THE John Lewis Partnership has issued a retail bond for its cardholders and Partners in a bid to raise £50m of funds by April. Customers who hold either the Partnership or Account cards, as well as current Partners in the employee-owned firm, can invest lump sums of between £1,000 and £10,000 into the John Lewis [...]
Ocado warns investors of Waitrose risks July 6, 2010 OCADO finally launched the hotly anticipated prospectus for its £1.1bn flotation, to a muted response from the City. The firm has set the price-range between 200p and 275p a share, giving it a value of between £800m and £1.1bn, despite never having turned a profit. The document contains 18 pages of risk factors associated with [...]
Ocado shifts 80pc of shares as IPO hangs in the balance July 19, 2010 OCADO’S future was finely poised last night, with sources close to the firm’s planned £1bn flotation saying it has only shifted 80 per cent of the shares on offer. The firm maintained it is pleased with the progress and is confident it will sell the remainder of the shares but would not comment on the [...]