Two of Kogan’s founders, Ruslan Kogan and David Shafer, are selling a large chunk of the company tonight in a deal worth about $100 million.
Macquarie and Canaccord are in the market bidding on a chunk of 11 million shares in the e-commerce company.
It’s understood that the stock (KGN) is being sold down by the two men who founded the company and retain key leadership positions.
The latest notices show that Mr Kogan holds about 45 per cent of the company while his colleague has just 13 over per cent.
Shares in Kogan jumped 7.5 per cent today to close at $9.80, following the retailer’s announcement it would enter the white goods and kitchen appliance market.
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