Published On: Mon, Jun 6th, 2016

Australian Online Retailer Ruslan Kogan Want to Raise $50 Million Today

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Australian retailer Ruslan Kogan who has acquired Dick Smith’s online business from Ferrier Hodgson few weeks ago is today looking to raise $50 million.

The company set to release its initial public offer prospectus to the public on Thursday. It has been reported the shares at the IPO will be priced at $1.80 each.

Under the deal, $15m from the raise will be funnelled to the business’s backers.

Since its was launched in 2006, Kogan.com has quickly grown out of its original offering of TVs to take on a wide variety of consumer goods such as mobile phone handsets, sporting goods, camping equipment, toys, non-perishable groceries.

Kogan currently being investigated by a major Japanese camera brand for selling several of their products that have questionable parts and serial numbers.

 

READ MORE: Ruslan Kogan

Ruslan Kogan / Screen Shot

Australian retailer Ruslan Kogan has acquired Dick Smith’s online business from Ferrier Hodgson for an undisclosed sum. The parches includes the brand’s intellectual property, customer databases More…

Kogan (middle) now has his own mobile network,   partnerning with Vodafone.

Ruslan Kogan is now estimated to be worth over $400 million, owning to the success of his online retail business, Kogan.com. But before his empire began, before he applied for as many credit cards as he could to More…

Ruslan Kogan / Screen Shot

Online retail success story Ruslan Kogan has weighed into the supermarket price war, backing bricks and mortar disrupter Aldi in the battle against the Woolworths-Coles duopoly. “We think Aldi is much stronger More…

Celebratory selfies on the day of relaunch for Kogan Mobile. L-R Vodafone chief executive Iñaki Berroeta; Kogan founder Ruslan Kogan; Kogan Mobile executive director David Shafer. Photo- Facebook

Two years after Kogan’s bargain mobile service was terminated following the collapse of Telstra reseller ISPone, Kogan Mobile has joined Australia’s telecom price war, but this time with a strong More…

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