Spinning


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Spinning

In investment banking, the practice of an investment bank setting aside portions of a corporation's Initial Public Offering for senior management of that corporation. Ethically questionable practice which appears to be a form of bribery.

Spinning

The act or practice of an underwriting or brokerage firm giving shares of an IPO, especially a popular issue, to major executives in some company unrelated to the company issuing the IPO. These executives return the favor by recommending that their clients do business to the underwriter or broker. The relationship is mutually beneficial because the executives profit from the shares in the IPO and the underwriter or broker profits from the new business. However, it is controversial and some believe spinning to be unethical. Spinning should not be confused with spinning off, which is a different concept altogether.

spinning

The allocating of shares of a hot initial offering by a securities firm to the personal account of a corporate executive in anticipation of gaining future business from the executive's firm.
References in periodicals archive ?
In more general terms, spinning reserves are reserves that are quick to come online and are typically used as bridge power to supply the grid with energy until longer-duration assets can come online.
When a disk is viewed edge-on from Earth, material heading toward the back side of the black hole recedes from our planet, while material spinning toward the front approaches us.
In spite of significant developments and refinements of the system, following the commercial acceptance of the Open-end spinning, many new spinning systems were developed, some of which have gained popularity.
Spinning is an act of disorientation, and through that disorientation, control.
Gayle Pinkston loves the gossamer texture of cotton tufts as they are pulled through her hand by a spinning wheel.
Wartime, then, brought conditions conducive to change in the Irish linen industry, both in the composition of its gendered wor force, and in the application of new technologies to spinning flax and weaving linen.
MDA systematically enforces its rights through cease-and-desist letters and public awareness initiatives including advertisements, direct mailings, fitness club displays and events including its annual World Spinning and Sports Conference.
In 1934, Anton Formhals patented a spinning technology that produced synthetic fibers with the aid of an electric field.
It's a spin-in, where wool turns to yarn and conversations to spinning, weaving, carding and the satisfaction that comes from making by hand what most buy from the store.
Businesses offering indoor cycling instruction or products are encouraged to contact MDA to ensure that use of any Spinning related trademarks is consistent with MDA's rights.
All fermions have spin, a magnetic trait analogous to the spinning of a top.
With no foot or hand brakes on these aerodynamic cycles, the verbal chant ``Keep on spinning