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Medibank Broker Firm Allocations, page-241

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baxtermcfaxter

6,204 Posts.

22

08/11/14

09:16

Post #: 14256626
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Originally posted by practisingaccountant ↑

If the Commonwealth executes the 20% clawback, where does the extra 20% of shares go? I am assuming the 20% will go to the institutions IF the final price is over $2, as institutions have to fork out more per share than if they go to retail shareholders through the Broker Firm offer. Given that the government's objective is to maximise total proceeds from the float.

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The cynic in me says that the 20% clawback will go to the mum and dads....the govt will take a hit to placade them....
mum and dads vote.....
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