Ocado, Waitrose’s food home delivery service, is subject to plans for an up to £350 million stock listing within the next 18 months.
A stake bought by Goldman Sachs this year gave the company, which is part of John Lewis, a value of £300m.
Ocado’s chief financial officer Jason Gissing and his two co-founders expect the firm's value to increase further before the listing.
The former Goldman Sachs bankers could make almost £100m each from a float.
Other existing investors include department store chain John Lewis, Swiss investment bank UBS and Jorn Rausing, head of packaging group TetraPak. John Lewis, which owns Waitrose, has a 43 per cent stake in Ocado for which it paid £83m.
A float would give investors a potential exit route and provide funds for further expansion.
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