Ocado confirms plan for IPO this summer

Online grocery retailer Ocado has confirmed that it is planning an initial public offering this summer after the U.K. general election. Andrew Bracey, finance director at Ocado, said he is confident that the flotation will go well. "People who have got a differentiated offer, either because they have a unique proposition or because there's growth -- or because there's both -- when they have come to the market, [the IPO] has gone well," he said.

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