Medibank float touted as a 'win, win' for taxpayers and investors

By Jessica Gardner
Updated November 26 2014 - 7:13am, first published 4:44am
Medibank managing director George Savvides and Finance Minister Mathias Cormann at the ASX Medibank private listing ceremony. Photo: Christopher Pearce
Medibank managing director George Savvides and Finance Minister Mathias Cormann at the ASX Medibank private listing ceremony. Photo: Christopher Pearce

A late slump in the value of Medibank shares in the health insurer's sharemarket debut has burnt fund managers, but left mum and dad investors with a solid day one paper profit from the $5.7 billion float.