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The extra 15% (greenshoe) is covered either way, because they can buy it at the IPO price from founders if the stock goes up. Here we're talking about an additi
by idlewords 7y ago
The extra 15% (greenshoe) is covered either way, because they can buy it at the IPO price from founders if the stock goes up. Here we're talking about an additional exposure beyond that 15% that is not protected against losses.