Solid starts for education market debutants
Childcare company Affinity Education Group and adult education company Vocation both made positive starts on their sharemarket debuts on Monday. Affinity has joined G8 Education to become Australia's second childcare operator listed on the ASX. After raising $75.5 million at $1 a share, mostly to buy childcare centres, Affinity closed the day at $1.04 in a weak market, lifting the company's capitalisation to $93.1 million. Vocation surged 7.41 per cent, or 14¢, to close at $2.03 on its debut. The company, which is a combination of three vocational education and training firms, had raised $253.3 million by selling 75.4 million shares and has a market capitalisation of $406 million.
Childcare company Affinity Education Group and adult education company Vocation both made positive starts on their sharemarket debuts on Monday. Affinity has joined G8 Education to become Australia's second childcare operator listed on the ASX. After raising $75.5 million at $1 a share, mostly to buy childcare centres, Affinity closed the day at $1.04 in a weak market, lifting the company's capitalisation to $93.1 million. Vocation surged 7.41 per cent, or 14¢, to close at $2.03 on its debut. The company, which is a combination of three vocational education and training firms, had raised $253.3 million by selling 75.4 million shares and has a market capitalisation of $406 million.
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Frequently Asked Questions about this Article…
What companies recently made their debut on the sharemarket?
Affinity Education Group and Vocation both made positive starts on their sharemarket debuts.
How did Affinity Education Group perform on its first day on the ASX?
Affinity Education Group closed its first day at $1.04, up from its initial offering of $1 per share, despite a weak market.
What is the market capitalisation of Affinity Education Group after its debut?
After its debut, Affinity Education Group's market capitalisation rose to $93.1 million.
How much did Vocation's share price increase on its debut?
Vocation's share price surged by 7.41%, closing at $2.03 on its debut.
What is the market capitalisation of Vocation after its sharemarket debut?
Vocation's market capitalisation reached $406 million following its debut.
How much capital did Affinity Education Group raise for its sharemarket debut?
Affinity Education Group raised $75.5 million, primarily to acquire childcare centres.
What is the composition of Vocation as a company?
Vocation is a combination of three vocational education and training firms.
How many shares did Vocation sell to raise capital for its debut?
Vocation raised $253.3 million by selling 75.4 million shares.
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