GREENSHOE
\ɡɹˈiːnʃuː], \ɡɹˈiːnʃuː], \ɡ_ɹ_ˈiː_n_ʃ_uː]\
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An OPTION granted by an issuing company to the SYNDICATE UNDERWRITING a NEW ISSUE of EQUITY, which permits the syndicate to sell additional shares as part of the PRIMARY MARKET offering in the face of excessive demand, up to a maximum amount defined in advance. Also know as OVERALLOTMENT OPTION, SHOE.
By Henry Campbell Black
