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Fidelity buys one-third of Ocado IPO

Existing shareholders in online retailer bought half of the shares for sale in last week's initial public offering, with Fidelity affiliates accounting for 32%

Ocado Group's new shareholders look a lot like their old ones. One-third of the shares sold in the online retailer's initial public offering last week were bought by two affiliates of asset manager Fidelity, according to regulatory filings.

Overall, at least half of the sale was taken up by existing investors, which include Fidelity, and regulatory filings show only one major new investor.

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