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Medibank makes debut on stock market

  • 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.  

     

    Tagged as: Medibank, Australia, health insurer, stock market, debut, public offering, assets, business news