CVCheck steady on day one

Online screening and verification company CVCheck has had a quiet first of trading on the ASX, closing 1 cent higher to 21 cents.

The Perth company, which recently completed a $10 million initial public offering, opened trading at its offer price of 20 cents.

It is one of just a handful of WA companies to complete an IPO (or frontdoor listing) in the past two years, in contrast to more than 30 WA tech businesses that have completed backdoor listings.

CVCheck, which has a market capitalisation of $19.1 million, was founded in 2004 and based on automated technology that verifies people’s qualifications, work experience and police record.

It has been servicing the screening and verification market during the past 10 years through its online platform, which provides access to a wide range of data providers including police databases, traffic records, employers and professional membership organisations.

Its services allow individuals and organisations to quickly and cost-effectively verify, screen and check personal information.

CVCheck is led by Christopher Brown as chairman, with Steve Carolan as managing director.