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AAP
AAP
Business
Derek Rose

Furniture e-seller Koala successfully floats on the ASX

Koala's CEO says it's a proud day for the company to be listed on the ASX. (Bianca De Marchi/AAP PHOTOS)

A leading mattress and sofa ecommerce retailer has made a successful debut on the Australian Securities Exchange.

Shares in The Koala Company were changing hands at $3.70 on Tuesday afternoon, up 8.8 per cent from their $3.40 price they were sold at during an initial public offering that raised $68.1 million.

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