Yeah.. People has been putting bids 3-4x than what they wanted /...

Yeah.. People has been putting bids 3-4x than what they wanted / can afford to.. that's why the demand is massive.

The general public will be slightly different because when you bid, you will part ways with your hard earned cash right away (unlike the broker firm). So I expect the demand for general public will be much less than broker firm. Around $3-4 billion mark which gets scaled back to $1.5 billion or so.

Within the next week or so, we should hear some news about international demand. This would play a key role in determining the final price and the after market performance. The more international demand, the more local fundies get squeezed..

With the bidding frenzy between fundies, I think the final price would be much more than $2. The government then steps in and sets it at around $1.90 mark which should gives a reasonable stag profit..

The fundies learnt their lesson from Healthscope. It is much better for them to buy on open than play the waiting game. So as long as retail mum and dads can held back selling on open, this thing will fly.