ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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GREEN SHOE OPTION Definition
GREEN SHOE OPTION is a clause contained in the underwriting agreement of an initial public offering (IPO). The green shoe option, which is also often referred to as an over-allotment provision, allows the underwriting syndicate to buy up to an additional 15% of the shares at the offering price if public demand for the shares exceeds expectations and the stock trades above its offering price.
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CUSTOMS BROKER is an individual or firm licensed to process entry and clear goods into the country for another.
CONSUMER is an individual who purchases, uses, maintains, and disposes of products and services.