Medibank jumps 7% on debut

Australia’s largest private health insurer, Medibank Private, started the day with the Government its sole owner and finished it with around 400,000 shareholders.The company ended its first day of trading on the ASX at $2.14 per share – a 7% premium to the $2.00 paid by the stampede of retail investors who subscribed to the offer. What’s more, the privitisation raised $5.7bn for the Government – second only to Telstra’s $14bn listing in 1997.With happy investors, happy taxpayers, and champagne flowing at a few investment banks, there’s only one thing left for Medibank to do: deliver on its operational promises.Medibank...

Australia’s largest private health insurer, Medibank Private, started the day with the Government its sole owner and finished it with around 400,000 shareholders.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles