none

KOGAN ANNOUNCES INITIAL PUBLIC OFFERING

10-06-2016
by 
in 

Australia’s leading pure-play online retail website is set to go public on 30th of June, after 10 years of market disruption.

The expected market capitalization will be $168 million, and the initial offer price is $1.80 per share, aimed at raising $50 million through the initial public offer.

CEO Ruslan Kogan and CFO David Shafer will retain approximately 69.2% of Kogan.com’s shares, and will also enter into escrow agreements.

Chairman Greg Ridder said “as Kogan.com embarks upon its next phase of growth it is well placed to consolidate its leadership position in online consumer electronics and in general merchandise, expand into new categories and explore vertical opportunities where the Kogan brand can deliver strong consumer recognition and loyalty.”

This move is the latest in an ambitious series of expansions from Kogan.com, which include Kogan Travel, Kogan Mobile, and the acquisition of the online-only component of Dick Smith.

Founder Ruslan Kogan has drafted a letter to investors that accompanies the public offer. In it he declares, “As the market continues to expand and redefine itself, we will continue to evolve Kogan.com, inventing exciting roles the likes of which I hope are always new, always enterprising, and always pushing boundaries.”

Related news & editorials

  1. 20.09.2018
    20.09.2018
    by      In
    Control Logic has set its sights on expansion, with a new leadership team incorporating key roles in products and marketing, sales and development, and operations and services. The move aims to increase the company’s skill set and focus to drive innovation and expand the company’s expertise and... Read More
  2. 19.09.2018
    19.09.2018
    by      In
    The Australian Made Campaign is providing some valuable support for the nation’s furniture manufacturers with its latest initiative, which urges local buyers to ‘take comfort in their purchase’ and choose genuine Aussie furniture, bedding and furnishings this spring.
    According to Australian Made... Read More
  3. 12.09.2018
    12.09.2018
    by      In
    Siemens has unveiled its new manufacturing facility in Yatala (Queensland), which has been set up to support the growing global demand for the locally developed Fusesaver medium-voltage circuit breaker.
    The new factory is part of an ongoing $25 million investment in manufacturing and research of... Read More
  4. 11.09.2018
    11.09.2018
    by      In
    APS Industrial has relocated its Melbourne base into an all-new 4500m2 head office and national distribution centre in Rowville. The new facility includes an interactive product showcase room and state of the art conference facility.
    According to APS Industrial MD David Hegarty, “Since our launch... Read More