Medibank Private IPO: a model for future privatisations
Independent Financial Research
Medibank Private IPO: a model for future privatisations. The government has achieved its aim of maximizing the sale price of the business. That it's managed to do this while looking like its done shareholders a service means you can expect more government floats sold along similar lines soon. The Queensland government intends to raise $33bn through the privatization of its electricity transmission networks along with the ports in Gladstone and Townsville, while the New South Wales government also intends to privatise its electricity poles and wires should it win the next state election in early 2015. All in all, the privatisation pipeline exceeds $100bn so expect to see a lot more IPOs like Medibank Private in the near future. (VIEW LINK)
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