Medibank IPO Becomes Australia's Second-Largest Ever

Skadden acted as international legal adviser to the Commonwealth of Australia and Medibank Private on Medibank’s A$5.679 billion (US$4.9 billion) initial public offering and listing on the Australian Stock Exchange on November 25. This is Australia's second-largest IPO ever, the world's third-largest IPO in 2014 and the world's fourth-largest insurance sector IPO ever.