Business
$10,000 invested in the Kogan (ASX:KGN) IPO is worth how much today?
Every so often, I like to look to see how successful investments in initial public offerings (IPOs) have been.
On this occasion, I’m going to look at how a $10,000 investment in Kogan.com Ltd (ASX: KGN) shares would have fared. Here’s what I found:
The Kogan IPO
Kogan has now been listed on the Australian share market for just under five years. The ecommerce company’s shares landed on the ASX boards on 30 June 2016 at a listing price of $1.80 per share.
This means that if you bought $10,000 worth of Kogan shares at its IPO, you would have ended up with approximately 5,556 shares in your portfolio.
How has Kogan…
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