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iCollege: Raises $5.5M for business growth

November 4, 2020

Vocational training provider iCollege (ICT) is planning to raise $5.5 million to accelerate growth in the domestic student market
The company will issue 55 million shares at 10 cents each to institutional, professional, and sophisticated investors
Originally, iCollege was going to issue 30 million shares but increased this after receiving very strong support
COVID-19 has renewed interest in upskilling and gaining new skills, which presents a significant opportunity for iCollege
iCollege will take advantage of this by providing training packages to individuals and businesses in need
Company shares are up 8.33 percent and are trading for 13 cents