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Kogan announces float date


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Online retailer will float on the share market on Thursday.

The company is expected to have a market capitalisation of $168 million with a public offer price of $1.80 a share to raise $50 million for further growth, including funding an increase in Kogan’s range of privately labelled products.

Ruslan Kogan will continue to be the chief executive of the company he founded in his parents’ Melbourne garage 10 years ago and will retain a 50.5 per cent stake in the business.

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