Dany Milham thinks Koala can be a ‘300-year business’. It just needs to IPO first
In an interview with Capital Brief, the one-time Milkrun boss said Koala’s second, smaller attempt at an ASX float was a ‘pragmatic’ decision amid unruly market turbulence.
“Last year was definitely a unique situation.”
Nine months after online furniture retailer Koala shelved plans for a circa $100 million IPO, chief executive and co-founder Dany Milham is back having another run at the ASX.
Milham and fellow co-founder Mitch Taylor deferred their original schedule in June last year after mounting US-China trade tensions threatened their expansion plans in the US.
This time, even as a fresh wave of AI doom and oil shocks rock global markets and freeze the local IPO pipeline, Milham said his investors “weren’t really fazed” by the outside noise.
“While there’s a lot going on in the world, and fluctuations, a business like ours isn’t impacted by AI,” he told Capital Brief. “We actually had [non-deal roadshows] weeks and weeks ago. We’ve been in the process and been updating investors for a long time.
