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Re: MPL - Medibank Private IPOI did the same as you (applied on 14 November). Money was taken out of my account on Monday, 17 November. We wouldn't have been on our own - I think a lot of retailer investors would have waited to the last day to apply, so it wouldn't have made sense (and it would have been bad PR) for the Government to reject our applications because the direct debit was processed on the next business day, even though they did say quite clearly that payment had to be made before the application was accepted.Story in the AFR this morning indicates that some institutional bidding has been as high as $2.25 per share.
Re: MPL - Medibank Private IPO
I did the same as you (applied on 14 November). Money was taken out of my account on Monday, 17 November. We wouldn't have been on our own - I think a lot of retailer investors would have waited to the last day to apply, so it wouldn't have made sense (and it would have been bad PR) for the Government to reject our applications because the direct debit was processed on the next business day, even though they did say quite clearly that payment had to be made before the application was accepted.
Story in the AFR this morning indicates that some institutional bidding has been as high as $2.25 per share.
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