The Deal Room: The IPO market starts to thaw & CVC Capital Partners raises €26bn for the largest buyout fund in history
Market Maker
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The Green Shoe Option in an IPO
Elle Cataton, the consumer and healthcare and fitness private equity fund, raised $424 million in its IPO. The company also gave a green shoe option of 1.8 million class A shares that the underwriters could take up effectively buy them at the offer price for 15% more than the original mount set by the issuer. Aaron Holtzman as the CEO and co-founder owns the majority of B class shares which have 10 voting rights.
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