Overview
- Koala, which listed on the Australian Securities Exchange on Tuesday, saw its shares rise about 11.7% to lift Steve Smith’s holding from roughly A$11.9 million to just over A$13.2 million.
- Smith first invested A$100,000 in 2015 for about a 10% stake in the then‑emerging online bedding and furniture retailer.
- His ownership has diluted over later funding rounds to 3.9%, held through SS415 Investments, keeping him among Koala’s larger shareholders.
- Public trading on the ASX set a clear market price for Koala for the first time, turning Smith’s previously private stake into a market‑valued holding that can change with daily moves.
- The former Australia captain is currently playing for Multan Sultans in Pakistan’s PSL after going unsold at the IPL 2026 auction, as coverage also notes his roles with Bamboo, Oat Milk Goodness, and Snappr.