Kogan.com has officially launched its IPO

Kogan.com will have a market capitalisation of $168 million when its lists on the ASX later this month.

The pure-play online retail website is offering shares at $1.80 each to raise $50 million to be used to expand the business through new products and marketing.

Founder Ruslan Kogan and CFO David Shafer together are retaining about 69.2% of the business.

Love him or hate him the guy’s built an empire and an IPO makes perfect sense. Who knows, it might even be a worthwhile investment – not that I know diddly  about these things.

Guvera’s on the other hand… #hardpass.

Source: Kogan.com has officially launched its IPO | Business Insider