Thursday, March 4, 2021

Medibank private share offer

Reading Time: 3 minutesAustralian retail investors are now able to apply for Medibank Private shares

- Advertisement -

The indicative price range for Medibank Private shares has been set at $1.55 to $2.00 per share.[1]

A price cap for retail investors means that Australian residents who choose to apply for shares will not pay any more than $2.00 per share, even if the final price is set above the indicative range.[2]

At the indicative price range, the indicative market capitalisation of Medibank Private would be $4,269 – $5,508 million,[3] which would place it among the top 100 companies on the ASX.

The Government intends to sell down its entire shareholding.

The launch of the offer follows a successful pre-registration process where more than 750,000 Australians pre-registered to receive the Medibank Private Share Offer prospectus. There was strong support from Medibank and ahm policy holders.

Australian residents who pre-registered their interest in receiving a prospectus and apply for shares in the General Public Offer can be allocated an amount of shares up to 15 per cent higher than General Public Offer applicants who did not pre-register.

Eligible[4] Medibank Private and ahm policyholders who pre-registered and apply for shares in the Policyholder Offer can be allocated an amount of shares up to 30 per cent higher than General Public Offer applicants who did not pre-register.

Eligible4 Medibank Private and ahm policyholders who did not pre-register are still eligible to apply for shares in the Policyholder Offer and can still be allocated an amount of shares up to 15 per cent higher than General Public Offer applicants who did not pre-register.

Potential investors who have not pre-registered can get a prospectus by calling 1800 998 778 or visiting medibankprivateshareoffer.com.au.

The Government has long been committed to the sale of Medibank Private.

The lodgement of the prospectus is another important step in the Government’s orderly and methodical approach to the sale.

Medibank Private is a commercial business operating in a well functioning and competitive private health insurance market with 34 competing funds.

As such there is no compelling policy reason for the Government to continue to own Medibank Private.

The sale of Medibank Private will provide the company with full commercial independence and access to capital markets.

The sale will also remove the current conflict where the Government is both the regulator of the private health insurance market and owner of the largest market participant.

Proceeds from the sale of Medibank Private will be re-invested into productivity enhancing infrastructure through the Government’s Asset Recycling Initiative.

The prospectus for the Medibank Private Share Offer has been lodged with the Australian Securities and Investments Commission and is now available at medibankprivateshareoffer.com.au


[1] This is the indicative range for the Final Price. The Final Price may be set below, within or above the indicative price range (see Section 7 of the prospectus for more information). Shares may trade below the lower end of the indicative price range.

[2] The Retail Price will only apply to the first $250,000 worth of shares (rounded down to the nearest share) allocated to applicants under the Retail Offer. If applicants are allocated shares above $250,000, they will pay the Final Price for those shares.

[3] The market capitalisation is calculated as the indicative price range multiplied by the total number of shares on issue immediately following completion of the offer. If shares trade below the lower end of the indicative price range after listing, the market capitalisation may be lower.

[4] Persons covered under PHI policies, issued under either the Medibank or ahm brands on the Record Date, who are permanent residents of Australia, are over the age of 18 and are not in the United States or acting on behalf of a person in the United States. The Policyholder Offer will only be open for one application for each such policy.

- Advertisement -

Related Articles


Please enter your comment!
Please enter your name here


Ep 9: What do young Indians want from love?

Growing up in Indian culture, most of us know that love has never been as popular as marriage. Even in the movies, the main...

Ep 8: Indian links in Indigenous Australian poet Ali Cobby Eckermann’s...

To celebrate NAIDOC week 2020 (between 8-15 November) I spoke to Yakunytjatjara poet Ali Cobby Eckermann about her time in India where she taught...

Ep 7: In the case of Sushant Singh Rajput

  The torrid and high-octane Sushant Singh Rajput case has been fodder for Indian people and press for the last few months. The actor’s tragic...

Latest News

Maju Varghese

Indian-American appointed Director of WH Military Office

  US President Joe Biden has appointed Indian-American Maju Varghese, who was the Chief Operating Officer of his campaign, as his deputy assistant and Director...
sexual assault survivor, sexual assault counsellor, sexual assault victim

I’m a sexual assault counsellor. Here’s why it’s so hard for...

  As a senior sexual assault counsellor working with Sydney’s Royal Prince Alfred Hospital, I often sit across from people on the worst day of...
dee domingo and raj shekhawat

A tinnitus update on World Hearing Day

  World Hearing Day is celebrated on 3 March to raise awareness on how to prevent deafness along with promoting ear care. I spoke to...

Book Review: ‘Ritu weds Chandni’ by Ameya Narvankar

  "But what is wrong with that? Why shouldn't she marry Chandni didi?," asks Ayesha, the young protagonist in Ameya Narvankar's Ritu weds Chandni. The innocent...
axar patel indian cricket player

IND v ENG: A historic Test… for all the wrong reasons

  The only bigger joke than the wicket prepared for the 3rd cricket Test between England and India at Ahmedabad’s Motera Stadium, was the renaming...