Cover-More Group has posted a disappointing debut on the Australian Securities Exchange after shares in the travel insurance group opened 12.5 per cent down on its initial public offering price of ...

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Shares in Cover-More Group Ltd opened down 12.5 percent on debut on Thursday after the Australian travel and medical insurer raised A$521 million ($462.83 million) in an initial public offering.

Australian insurer Cover-More Group is seeking to raise A$521.2 million ($476.30 million) in an initial public offering by selling up to 260.6 million shares at A$2 each, according to a prospectus ...