It is seen as somewhat of a bellwether for initial public offerings. Which, if that is the case, it could see potential future IPOs shelved for the time being after it was revealed that the online grocer Ocado has priced its own at the bottom of a reduced range. The shares were marked down as low as 163.25p early on Wednesday, after they were priced at 180p. This was after Ocado had lowered the price range for its flotation to between 180 and 200p from an initial 200 to 275p.

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