Medibank share offer attracts interest

Medibank Private says the number of pre-registrations for its share offer exceeded its expectations, with 750,494 lodgements received to date.

It includes 278,732 eligible Medibank Private or ahm private health insurance policyholders.

Medibank said it expects the government will lodge the share offer prospectus with the Australian Securities and Investments Commission on Monday.

“Following the ASIC review period, which is expected to take five working days, the general public offer will open to Australian retail investors,” Medibank said in a statement.

The offer will be open until mid-November, and is to be followed by an institutional offer.

“There will also be a broker firm offer where Australian and New Zealand brokers will be invited to bid for a firm allocation of shares on behalf of their retail clients,” Medibank said.

Medibank Private is expected to be listed on the ASX by late November.