TSX:DAY 4 December 2025

March 20, 2026, 9:29 PM EDT. Australian cricketer Steve Smith's early $100,000 Seed investment in Koala, a furniture startup, is set for a significant payoff as Koala prepares for a $68 million IPO on the ASX. The company, valued at $305 million, plans to use $10.1 million of fresh capital to retire debt. Co-founder Mitch Taylor is selling $8.3 million of shares but retains a 16.3% stake. CEO Dany Milham holds 20.7% of the company, with shares under escrow. Major shareholders include Perennial Partners with 22.7% and Alium Capital with 5%. Smith's initial 10% stake has diluted but was worth over $10 million by 2019. The listing is expected to reveal the full value of his holdings, potentially surpassing his cricketing earnings. Koala projects strong growth with a 62.4% revenue increase expected by FY26.