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