Street Talk

Koala schedules non-deal roadshow for IPO; $100m raising tipped

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 25, 2025 – 4.31pm

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Koala, which has graduated from a mattress-in-a-box newbie to a well-stocked e-commerce furniture brand, is ready to put its IPO pitch to fund managers after flirting with a float for nearly three years.

Street Talk can reveal Koala co-founder Dany Milham, who rejoined the business 18 months ago and took over from Mitch Taylor as the CEO last year, is slated to front a roadshow that runs from Wednesday to Friday this week. It comes after Koala mandated Barrenjoey to explore a listing, as listed rival Temple & Webster posted impressive gains amid resilient customer demand, as first reported by this column.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.