Source: TAB Final Pricing and Allocation, JLM's paper 19/6/98.
The Government decided on a final offer price of $2.10. The Sale Task Force had 157.5m shares earmarked for institutions. Total bids at this price exceeded that number by a factor of more than 8.
At the same time, pre-registrants and broker firms were applying for shares. The total applications from all three sources and the number of shares available for each, were as follows:
