Greenshoe | Practical Law

Greenshoe | Practical Law

Greenshoe

Greenshoe

Practical Law UK Glossary 5-107-6666 (Approx. 3 pages)

Glossary

Greenshoe.

Named after a US case, a means of stabilising a new share issue. An option is given to the global co-ordinator of a bookbuilding or price stabilisation exercise to acquire more shares in order to stabilise the market in the immediate post-offer period.
For further details, see Practice note, Stabilisation.