The boss of Ocado has opened the door to the possibility of quitting the London Stock Exchange amid pressure from investors to shift its listing to New York.
In the strongest signal yet that the company could make the move, Tim Steiner, the chief executive, highlighted how tech companies faced unique challenges in the UK.
He said: “I think the London market can be tough for some companies. In the long-term future, as a global tech company, could you consider other markets? You could.”
However, he added that no change is imminent. “Right now we’re a UK-listed plc and I have no immediate plans to change that,” he said.
Ocado was relegated from the FTSE 100 earlier this year following a collapse in its share price.
It comes after The Telegraph revealed earlier this year that shareholders were pushing for Ocado to explore a switch to New York.
This is on the basis that Ocado, which sells its grocery technology around the world, could secure a better valuation in the US.
