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Ocado faces retail investors withdrawing offers

Customers of online retailer who committed to buy stock have until just after midnight to rescind their offers as price falls

Ocado customers who made commitments to buy stock in the company in the original range have until one minute after midnight tonight to withdraw their offers, potentially leaving the underwriters with a slug of £10m (€11.9m) in stock, as the share price continues to fall in conditional trading.

Ocado customers who made commitments to buy stock in the company within the original price range have until one minute after midnight tonight to either withdraw their offers or commit to buying the stock at the new price of 180 pence per share, potentially leaving the underwriters with a slug of £10m (€11.9m) in stock, as the share price continues to fall in conditional trading.

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