The offer issued by Medibank does not provide a fixed share price. Rather, as part of the application you will need to nominate a price, expected to be between $1.55 and $2.00, which you are prepared to pay for the shares. The final offer price will then be determined after the cut-off date when Medibank has received all the offers. For retail/individual investors, Medibank has also noted that it will cap the maximum share price for the IPO at $2.00.
Currently we are reviewing the prospectus information and gauging the initial level of interest for the offer. We will contact you again in early November with sufficient time prior to the closing offer date, and will detail our review of the offer and an appropriate price level; this will also include instructions for how to participate in the offer, including the use of any Application Reference Numbers for those who pre-registered.
If you have any queries regarding the offer in the meantime, please contact a member of our Financial Planning Team.
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The information contained on this website is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any information, you should consider the appropriateness of it and the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek the appropriate financial advice and read the relevant Product Disclosure Document.