Overview
- Shares traded at $3.70 versus the $3.40 issue price, up 8.8% and valuing the company at about $332 million.
- The $3.40 offer raised $20 million in new capital, and Koala said it will direct about $10.1 million to paying down debt.
- Existing backers sold $48.1 million of stock in the float, separate from the new money raised.
- Koala forecasts $332 million in revenue in FY2025/26, about 20% higher than last year, and expects earnings of $24.8 million.
- Founders Dany Milham and Mitch Taylor keep stakes of 20.7% and 16.3%, while Perennial Partners holds 22.7% as the largest shareholder.