Medibank Private shares have opened at $2.22 and traded as high as $2.23 as they debuted on the share market. Most analysts expected a strong bounce in the price as institutional investors only received 40 per cent of the company's shares and look to boost their stakes. Retail investors had received 60 per cent of the company. The federal Finance Minister Mathias Cormann and Medibank Private's managing director George Savvides were at the ASX in Sydney to launch the company onto the market.
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