Ocado Raises £578M To Fund E-Commerce Solutions Biz
By Najiyya Budaly (June 21, 2022, 12:22 PM BST) -- Ocado said Tuesday that it has raised £578 million ($710 million) from a share placement with institutional and retail investors, as well as its senior management team, to help to fund its e-commerce solutions business for online grocery stores.
Ocado Group PLC said it raised approximately £575 million from a share placing to institutional investors. The FTSE 100 technology company said it also raised an extra £3 million by selling shares to retail investors and certain members of its senior management team, including the chief executive, chief financial officer and general counsel.
The placing priced the shares at 795 pence, a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!