Company flotation brings joy to JSOP participants
The successful online grocery retailer, Ocado, is due to float on the stock market in a few weeks when founders will share a £430m outcome. Ocado have priced their shares at between 200p and 275p which would give them a value of up to £1.2bn.
The founders of the company along with fifteen directors and senior managers have invested a total of £1m of their own money into a Joint Share Ownership Plan (JSOP) and will see the investors receiving a 30-fold return after only 4 years.
Once quoted, Ocado will offer its shares to employees and customers who spent more than £300 this year in addition to institutional investors.