Trading in Medibank Private (ASX:MPL) has been fast and furious on its second day on the Australian Stock Exchange, with close to 28 million shares changing hands in the first hour of trade.
The trading range has been tight, with the majority of shares being traded at $2.14 a share, with the low $2.13 and high $2.15.
The current share price values the company at around $5.9 billion.
On issue Medibank will have 1,652,401,944 ordinary shares fully paid, sold at $2.00 per share and 1,101,601,296 ordinary shares fully paid, sold at $2.15 per share.
For a total of 2.754 million shares.
Refunds for scaled applications
Medibank has said that refunds for scaled applications will be issued from 4th December 2014.
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