Prospectus update.
Kogan.com listing on the Australian Securities Exchange (ASX) has been pushed back by one week to July 7, after the company was asked to update its prospectus.
Kogan lodged a replacement prospectus with the corporate regulator on Friday, which included a number of changes from the original offer document.
The biggest changes related to disclosure in chairman Greg Ridder’s letter to potential investors, and more information around payments made to entities associated with founder Ruslan Kogan and his co-investor David Shafer.
There were no changes to Kogan’s financial information or the initial public offering price or structure. There is no change to the underwriting agreement or investor commitments despite the one week timetable delay.
The broker firm offer opened on Friday, following lodgement of the replacement prospectus.