Greenshoe

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).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247244887681", "objName" : "Greenshoe", "userID" : "2", "objUrl" : "http://plc.practicallaw.com/cs/Satellite/5-107-6666?source=relatedcontent", "pageType" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-12b281d6:13ec05e229f:-4fe8", "analyticsSessionCookie" : "2-12b281d6:13ec05e229f:-4fe7", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }