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4.9Any company when decides to go public generally prefers the IPO route, which it does with the help of big investment bankers also called underwriters. These underwriters are responsible for making the public issue successful. They are paid a certain amount of commission to do this work.
A Greenshoe Option allows the group of investment banks or the underwriters that underwrite an initial public offering (IPO) to buy and offer for sale 15% more shares at the same offering price that the issuing company originally planned to sell.
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