Medibank Prospectus Details, page-122

Nani,
My sources confirm what you have just said in terms of demand.
Evidently, between three JLM's , their private client demand takes up 75% of the float already and this excludes Morgans who apparently have about $1b in demand from their private clients. Re confirms my view that you need to try and get stock from the JLM's as they will try and keep as much as they can for themselves.