Ocado 'set to appoint flotation advisers'

OCADO, the online grocer, is understood to be close to appointing advisers ahead of a planned flotation which would value the group at more than £1 billion.

By The Newsroom

Published 7th Feb 2010, 20:57 BST

Updated 7th Feb 2010, 21:20 BST

The company, which supplies goods sourced from Waitrose – the supermarket business of John Lewis – is expected to raise around 160 million from a float in the second quarter of 2010.

Goldman Sachs, UBS and JP Morgan Cazenove are expected to advise the company on the IPO.

Waitrose John Lewis