Ocado’s flotation price is lower than expected. Photograph: Justin Kase/Alamy Shares in Ocado slumped to 11% below their reduced flotation price this morning as the online retailer received a lacklustre welcome on its stock market debut. Ocado’s co-founder and chief executive, Tim Steiner, was forced to defend the company’s handling of the flotation process and [...]

Ocado’s Hatfield warehouse. Its flotation billed as the biggest of the year valued the firm at £895m. Photograph: Stuart Clarke/Rex Features Is that a “your money back if not completely satisfied” offer from Ocado? Sort of. Customers of the online grocer who subscribed for shares have until Friday to decide whether they want to take [...]

Conditional trading in Ocado begins on Wednesday. Photograph: David Levene for the Guardian Ocado management will tomorrow embark on a final round of back-to-back meetings with potential investors, as the deadline approaches to price shares in the online grocer’s stock market flotation. Sources close to the company tonight claimed Ocado had orders for around 80% [...]