Sentence examples for over allotments from inspiring English sources
The selling shareholders gave underwriters permission to purchase an additional 4 million shares to cover over allotments.
The company granted underwriters an option to purchase up to 5.5 million additional shares to cover over allotments.
The underwriters will have a 30-day option to purchase an additional 2.25 million in ordinary shares from certain of the shareholders to cover over allotments.
If the bank exercises an "over allotment" option and issues up to 15 percent more shares, its I.P.O. could end up topping that of the Industrial and Commercial Bank of China, another state-controlled Chinese bank.
If the company sold the over allotment, LinkedIn's valuation could be as high as $8 billion.
The company plans to sell 18.75 million shares, with a 30-day option for underwriters to buy an additional 2.81 million shares to cover over-allotments.
A.I.G. will hold 33 percent of A.I.A. if the over-allotment option is exercised, A.I.A. said Friday.
The heavily oversubscribed offering is expected to rise to $11.1 billion after the exercise of an over-allotment option.
Speaking of over-allocation options, G.M. said on Friday that the underwriters had exercised their over-allotment of 71.7 million shares of common stock.
Each unit is set to cost $10, the company said in a filing, with the underwriter, Bank of America, given an over-allotment option of 3 million more units.
Poundland's flotation will raise £375m and leave Warburg Pincus with a 37.9% stake, or 30% if an over-allotment option is exercised.
