Koala IPO: How to buy Koala shares

What does Koala do?

Koala is an Aussie direct-to-consumer furniture and mattress company founded in 2015 by Dany Milham and Mitch Taylor. Starting exclusively with mattresses, Koala soon expanded into sofas, bed frames, outdoor furniture and homewares.

They sell across Australia and operate in Japan, the U.S. and the UK, positioned around thoughtful design, a direct-to-consumer model and sustainability.

What is the Koala IPO date?

Koala’s prospectus was lodged in March 2026 and is scheduled to begin trading on the ASX on 31 March 2026.

What is the expected Koala IPO share price?

Koala priced its IPO at A$3.40 per share. The official prospectus covers 20M+ fully paid ordinary shares with the intent of raising approximately A$68M.

Koala valuation

Based on the offer price and number of shares, Koala is looking to list with an implied market capitalisation of over A$300M, down from earlier reports suggesting a much higher number.

What is the ticker symbol for Koala?

Koala will be listed under the ticker $KOA on the ASX.

How to buy shares in Koala?

Investors can buy Koala shares on Stake from 31 March 2026\. Follow the steps below to open an account with Stake and be able to invest in the newest stock on the ASX, subject to the listing taking place as scheduled.

1. Open a stock investing account

If you want to buy $KOA stock, you'll need to join an investing platform with access to the ASX. Lucky for you, Stake has access to Aussie-listed stocks and ETFs with the benefit of CHESS sponsorship.

2. Fund your account

Complete an application with your personal and financial details. Fund your account with a bank transfer, debit card or Apple/Google Pay.

3. Search for $KOA or Koala

After it’s listed, search for Koala by name or its ticker symbol: $KOA. Do your own research to ensure it is the right investment product for your own circumstances.

4. Choose an order type and buy the asset

Buy on any trading day with a market, limit or stop order. You may want to look into dollar cost averaging to spread out your risk over time.

5. Monitor your investment

Optimise your portfolio by tracking how Koala performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your shares.

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Who owns Koala?

Aussie investment firm Perennial Partners holds the majority ownership with 22.7%, followed by co-founder and CEO Dany Milgram (20.7%) and co-founder Mitch Taylor (16.3%). Reports based on the IPO prospectus suggest that Koala will remain tightly held after the listing takes place.

Allium Capital is also seen as a significant shareholder, alongside famous cricketer Steve Smith, who bought into the company in its infancy.

Who are Koala’s competitors?

Koala is in a very competitive landscape. Furniture and mattresses are a big business worldwide, with furniture Aussie titans Temple & Webster ($TPW) and Nick Scali ($NCK) being the baseline competitors listed on the exchange.

Private companies like Ecosa and Sleeping Duck, both of which are unlisted, are often referenced as main competitors to Koala’s mattress arm.

How could Koala perform after going public?

Post-IPO performance doesn’t just come down to investor sentiment and company performance. Price action is often a result of high-volume insider transactions, particularly after lockup periods end. In Koala’s case, 75% of its total shares are subject to voluntary escrow agreements by major shareholders.

Most of the major holders cannot sell until post FY27 results, but an early partial release is possible in February 2027 if $KOA’s volume-weighted average price (VWAP) exceeds $4.08 (20% higher than the IPO price).

Basing everything on the prospectus and reporting sentiment, Koala comes to market with some real strengths. The official materials highlight a 20% forecast revenue growth in FY26, a 7.5% EBITDA margin and a 64% gross margin forecast.

Add in the operational scalability across Australia, Japan, the U.S. and the UK – this has been touted as a classic Aussie growth story rather than a turnaround. US revenue surged 680% in FY25 to $47M, and Koala has adapted its supply chain to mitigate the impact of tariffs on its business.

On the other side, discretionary retail can be a volatile market. There are always risks when it comes to consumer demand, tariff uncertainty and execution risk. Listed competitors have seen volatile periods, suggesting Koala’s ‘growth’ story will have a heavier weight on its initial trading period.

Koala IPO details

Koala’s prospectus can be found here: https://ipo.koala.com/

Disclaimer

The information contained above does not constitute financial product advice nor a recommendation to invest in any of the securities listed. Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation and particular needs. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.

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