Australian Careers Network has launched a six-day investor roadshow as it seeks to raise $100.5 million in an initial public offering through broker Petra Capital.
Melbourne-based ACN, which runs registered training organisations including Community Training Initiatives and Cove Training, has priced the deal at 8.6-times to 9.2 times earnings before interest, tax, depreciation and amortisation, valuing the company at about $240 million.