Medibank Private - book build process unfair for retail investors - As an ex-banker I can tell you a thing or two about book build's which is the process being...

Medibank Private - book build process unfair for retail investors - As an ex-banker I can tell you a thing or two about book build's which is the process being undertaken by Medibank's investment bankers to raise capital for the upcoming IPO. Unfortunately, if you are a retail investor the book build process and the raising of capital under this structure, we believe, is highly unfair and disadvantageous for retail investors. Having said that we do like Medibank Private as a long-term investment. At $2 per share its fully valued but at the lower end its good value and could fetch up to a 20% discount to fair value. Problem is we don't know the price! (VIEW LINK)