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Biotech / Medical : Biotech vs. Shorts

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To: alexis s who wrote (113)8/4/1999 10:57:00 PM
From: John Metcalf   of 427
 
"Green shoe" is jargon for an underwriter's overallotment of shares in an IPO, which the issuing company agrees to sell them later under certain circumstances, like the IPO going into the stratosphere. In the case of TSCM, this was about 743,000 shares, bringing the total sold to 6.25 mm.
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