Kogan Looks To Raise $50M Today Despite Questionable Products

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Weeks after stumping up cash for the Dick Smith online site Ruslan Kogan who is facing allegations that he has been retailing questionable branded products is today looking to raise a quick $50M.

Kogan who wants tp pocket $15M of the raised money, is hoping investors will stump up $50m by this afternoon as he races to list Kogan.com, the online electronics retailer that is currently being investigated by a major Japanese camera brand for selling several of their products that have questionable parts and serial numbers.

Shares in the ASX candidate have been priced at $1.80 in a deal executed by Cannacord Genuity.

Under the Kogan.com deal, $15m from the raise will be funnelled to the business’s backers.

Broker firm commitments are due by 2pm while institutional investors have until 4pm to submit bids.
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