Kogan.com (ASX:KGN) launches $115 million capital raising

Company News

by Rachael Jones

Retail and services company Kogan.com (ASX:KGN) is to undertake a fully underwritten placement of $100 million at an offer price of $11.45 per share.

Following completion of the Placement, the Company will also conduct a non-underwritten share purchase plan offer to existing eligible shareholders to raise up to $15 million.

They intend to use the proceeds to take up accretive opportunitie, expand its customer base or enhance its operating model.

Shares in Kogan.com (ASX:KGN) are in a trading halt - last traded at $12.38.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.