Named after a US case, a means of stabilising a new share issue. An option (www.practicallaw.com/A36577) is given to the global co-ordinator of a bookbuilding (www.practicallaw.com/A35933) or price stabilisation (www.practicallaw.com/A36693) exercise to acquire more shares in order to stabilise the market in the immediate post-offer period.
For further details, see Practice note, Stabilisation (www.practicallaw.com/5-107-3998).