Sentence examples for greenchop from inspiring English sources

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greenchop

noun

Soilage

Exact(5)

Should investor demand prove stronger than expected, the company's underwriters can sell additional shares in what is known as a greenshoe, pushing the offering's potential proceeds up to $198.4 million.

By comparison, Twitter is expected to raise as much as $1.4 billion in its I.P.O., and as much as $1.6 billion if its underwriters choose to sell further shares in what the industry calls a greenshoe.

If this so-called greenshoe option is fully exercised, the proceeds from the stock sale could hit more than $17.6 billion using the midpoint of the price range, which would include $4 billion from the preferred shares, up from $3 billion.

On completion — and assuming a so-called greenshoe option to sell an additional 175 million existing shares is fully exercised — Matahari will be 48 percent owned by the public, 31 percent by CVC and G.I.C., 20 percent by the Lippo unit and about 1 percent by management.

The underwriters still have the option of selling 3.9 million additional shares, in what's known in banker parlance as a greenshoe.

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