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.
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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.
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