Vocation IPO prices at top of range

The education business's IPO will raise $253 million after meeting with strong demand from investors.

Vocation Ltd, the company that is the result of a merger of three closely held vocation and training businesses, has priced its initial public offering at $1.89 a share, the highest end of an IPO price range after investor demand outpaced supply for a share sale that will raise $253 million.

Vocation will sell 67 per cent of the company to investors or 134 million shares out of a total of 200 million shares.

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