(MENAFN- ProactiveInvestors)
The much hyped () has now commenced trading on the Australian Stock Exchange with the first trades going through at $2.22 a share.
This delivers retail investors who purchased the shares at $2 a 11% stag profit or in other words a gain on day one.
The current share price values the company at around $6.1 billion.
On issue Medibank will have 1652401944 ordinary shares fully paid sold at $2.00 per share and 1101601296 ordinary shares fully paid sold at $2.15 per share.
For a total of 2.754 million shares.
market cap. at different prices:
- $2.10: $5.78 billion
- $2.20: $6.09 billion
- $2.30: $6.33 billion
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