News

Kogan takes on Amazon and eBay with the launch of its own marketplace

Australian retailer Kogan.com is upping the local battle against US rivals eBay and Amazon by launching its own marketplace. Kogan Marketplace now allows third-party traders to sell products on Kogan.com. The Australian retailer says the marketplace will give customers more choice and in turn give businesses access to more customers. […]
Kogan takes on Amazon and eBay with the launch of its own marketplace
Markets

The Kogan.com founders just cashed in $40 million of their shares

Ruslan Kogan and David Shafer sell $40 million of their shares in Kogan.com. The 6.25 million shares went to 20 investors, both local and international. They average sale price was at $6.41. They closed yesterday at $7.03. Kogan.com founders Ruslan Kogan and David Shafer just sold another $40 million of […]
The Kogan.com founders just cashed in $40 million of their shares
Markets

This is how just 1% of the market is driving growth at Kogan.com

Kogan.com estimates it has 1% of mobile phone users in Australia. It is this that is driving strong growth at the pure-play online retailer. Founder Ruslan Kogan plans to grow this to 2% and bring along his other portfolio businesses to similar market shares. Ruslan Kogan, the CEO and founder […]
This is how just 1% of the market is driving growth at Kogan.com
Markets

Kogan.com’s revenue is up more than 40%

Pure-play online retailer Kogan.com’s full year revenue grew more than 40% in 2018, according to a quarterly cash flow and trading statement. That would put the full year result, due to be announced next month, at $405 million compared with $289.5 million in 2017. EBITDA (Earnings Before Interest, Taxes, Depreciation […]
Kogan.com’s revenue is up more than 40%
Markets

Kogan.com’s revenue jumps, its shares fall

Shares in Kogan.com fell hard after the pure play online retailer released a cash flow update for the three months to March showing a rise in customers and revenue. At the close, Kogan.com shares were down 17.7% to $7.60. The company listed on the ASX in 2016 at $1.80. Founder […]
Kogan.com’s revenue jumps, its shares fall
Markets

Kogan.com gets into life insurance

You want life insurance with that? Kogan.com, the pure play online retailer, has decided to sell life insurance in partnership with Greenstone Financial Services. Kogan Life Insurance will initially focus on life insurance and funeral insurance but will extend the policy range over time. Kogan.com has a portfolio of retail […]
Kogan.com gets into life insurance
Markets

Kogan.com shares take off again

Shares in pure-play online retailer Kogan.com jumped after a trading update showed strong growth in the first four months of the financial year. At the clsoe, they were up 12.6% to $4.29. At the company’s AGM, founder and CEO Ruslan Kogan told shareholders that revenue grew 36.2% in the first […]
Kogan.com shares take off again
Markets

TOO PRICEY: Kogan shares dive 16% on first day of trade

Shares in online retailer Kogan.com dropped 16% in the first day of trading on the ASX today. The $1.80 shares, said to be oversubscribed in the initial public offering, opened steady but then slipped to $1.72 and later closed at $1.50. At that price the company started by Ruslan Kogan […]
TOO PRICEY: Kogan shares dive 16% on first day of trade
Markets

This is Ruslan Kogan’s IPO pay day

Online retailing pioneer Ruslan Kogan has just landed the big one. He has pocketed $7.5 million cash from the ASX listing of the business he built over the last 10 years, Kogan.com. The 33-year-old and his business partner David Shafer, the CFO, retain almost 70% of the company between them […]
This is Ruslan Kogan’s IPO pay day
Markets

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 […]
Kogan.com has officially launched its IPO