Catch Group Consult Kogan Brokers For IPO
Catch Group management have reportedly turned to Kogan.com’s house brokers, with the view of pursuing ASX listing later this year.
According to afr, Catch Group Founders, Hezi and Gabby Leibovich, have consulted UBS and Canaccord Genuity to prepare its upcoming float.
The discount e-tailer is reportedly considering a $200 million to $300 million IPO before the end of this year.
The group sells a variety of consumer goods (e.g. fashion, technology, beauty etc) at significant discounted prices via several e-commerce sites including catch.com.au.
The Leibovich family currently retains control, despite several shifts in its shareholder register.
Back in June last year, Catch Chief Executive, Nati Harpaz, revealed half year sales were up 40%, after the company converted its daily deals site into a broader online marketplace.
As per afr, Catch Group lost $17.8 million in financial year 2017, following a $25 million writedown. It comes after a $113.8 million loss in 2016, following a $125 million goodwill and trademark writedown.