Online consumer electronics retailer Kogan.com is expected to launch an initial public offering in coming weeks to float on the Australian share market this year.
It is understood Kogan will launch a $50 million initial public offering by mid-June.
Kogan's planned IPO follows its recent acquisition of Dick Smith's online business after the former publicly listed retailer collapsed, forcing the closure of its stores.
The intended listing also coincides with plans from rival appliances retailer The Good Guys to launch its own IPO.
Kogan is expected to have a market capitalisation of about $170 million, which amounts to 20-times its forecast earnings before interest, tax, depreciation and amortisation.
The company, founded by Ruslan Kogan in his parent's garage in 2006, makes about $200 million in revenue a year.
It currently has two major shareholders, Mr Kogan and the company's executive director David Shafer, who are expected to hold onto a large portion of their own stakes.
Kogan.com is believed to have already attracted about $30 million in cornerstone support from Australian fund managers.
The company declined to comment on the IPO.
Share
