Medibank makes debut on stock market
November 25 , 2014
Medibank, Australia’s health insurer, has made its debut in the stock market after it raised $4.9 billion in what is the biggest public offering in Asia in the past two years.
The Australian Securities Exchange listing was the largest of government-owned assets in around 18 years.
This is part of the Australian government’s aim to sell assets worth A$130 billion, media reports said.
Investors eager to get a pie of the country’s health industry would be attracted to Medibank shares, analysts say.