Alan Kohler writes this morning in Business Spectator why Mathias Cormann should consider the on market book build method for the Medibank float..

Alan Kohler writes this morning in Business Spectator why Mathias Cormann should consider the on market book build method for the Medibank float... He (Cormann) should float Medibank Private using a transparent on-market bookbuild, instead of handing it to the banks. The nation's investment banks have completed their pitches for the $4 billion job, and the government and its adviser Lazard Australia have chosen three: Deutsche Bank, Macquarie and Goldman Sachs. It's understood Lazard and Mathias Cormann have driven a hard bargain -- getting the lead managers' fees down to less than 1 per cent, compared with the usual 2-2.5 per cent. Normally the three investment banks would run a private bookbuild process in which their favoured institutional clients would bid for stock to set the price, which would then determine the price of the retail portion of the float... read more: (VIEW LINK)


At OnMarket, we are all former capital markets professionals who thought there was a better way for companies to raise capital, so we provided the know-how behind the technology that powers the world's first exchange-hosted capital raising...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.