greenshoe
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
Law noun
An option allowing underwriters to sell additional shares above the planned offer size to cover over-allotments.
The bookrunners exercised the greenshoe in full once demand held firm after listing.
Business noun
An option letting underwriters sell extra shares to meet demand and steady the price after a float.
Demand was so strong the banks exercised the greenshoe in full on the first morning of trading.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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