Published On: Mon, Jun 6th, 2016

Australian online Retailer Ruslan Kogan want to raise $50 million today

Ruslan Kogan - Twitter
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, 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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