$2bn Spotless float leads bumper IPO build-up

Momentum for three of the year's largest floats builds ahead of Spotless, Medibank news.

Momentum is building for three of the largest floats expected to hit the boards this year as fund managers today receive ­research outlining further details for the initial public offering of the $2 billion catering services firm Spotless.

It comes as investment banks await to see this week whether they have been selected by government as joint lead managers for the $4bn float of health insurer Medibank Private, following pitches by all of the major firms in Canberra late last week.

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