Brokers bid for $12b worth of Medibank shares

By Jessica Gardner
Updated October 31 2014 - 1:18am, first published October 30 2014 - 5:43pm
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government.  Photo: Glenn Hunt
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government. Photo: Glenn Hunt
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government.  Photo: Glenn Hunt
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government. Photo: Glenn Hunt
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government.  Photo: Glenn Hunt
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government. Photo: Glenn Hunt
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government.  Photo: Glenn Hunt
The sale of Medibank Private is set to reap between $4.3 billion and $5.5 billion for the government. Photo: Glenn Hunt

Stockbrokers have bid for $12 billion of Medibank shares on behalf of their clients, but will receive an allocation of just $1.5 billion, suggesting the general offer to retail shareholders could be flooded with second-chance buyers.

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