Original article by Kylar Loussikian
The Australian – Page: 19 : 16-Dec-14

Australian Careers Network’s stock finished its first day of trading at $A1.36 on 15 December 2014, after listing at $A1.70. The vocational education and training group’s IPO was worth $A54.4m, after it initially aimed to raise $A100m. CEO Ivan Brown says part of the proceeds will be used to finance acquisitions. Several other recent IPOs in the education and training sector have also underperformed

CORPORATES
AUSTRALIAN CAREERS NETWORK LIMITED – ASX ACO, PETRA CAPITAL PTY LTD, VOCATION LIMITED – ASX VET, SIMONDS GROUP LIMITED – ASX SIO, BUILDERS ACADEMY AUSTRALIA, AUSTRALIAN MANAGEMENT ACADEMY, COVE TRAINING