Ocado hones £400m home delivery float after four years

One of the past decade’s longest mooted IPOs was finally announced this week as the UK’s Ocado launched pre-marketing for a £400m float. The online supermarket delivery company has come close to launching a deal since starting to consider an IPO in 2006, according to bankers. But, after the listing failed to occur, many assumed it would not seek a float until it reached profitability.