Medi Assist Healthcare IPO
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In the realm of finance, there exists a concept known as the underwriting agreement. Within this agreement lies a provision that grants the issuer the power to release additional shares, usually around 15 percent, in the case of an oversubscribed offering. This is commonly referred to as the "green shoe," and is an important tool utilized by the syndicate. Essentially, it allows for flexibility and adaptability within the market, ensuring a smooth and successful distribution of shares.
