- 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
