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 ?
The EliTwistA(r)Spinning System combines compact spinning and twisting of a plied yarn in one single production step, representing the most economical way to produce two-ply yarns.
It was found that the outward diffusion rate of the solvent and inward diffusion rate of the nonsolvent increase as the coagulation bath temperature is increased for both wet spinning and dry-jet wet spinning of the acrylic fibers.
Prolonged accretion usually funnels gas onto the accretion disk in the same direction that it (and the black hole) is already spinning, increasing the hole's spin.
In other words, if you find yourself spinning in an Airbus, you are on your own and have no guidance about what to do.
4 : to form threads or a web or cocoon by giving off a sticky fluid that quickly hardens <A spider was spinning its web.>
That proximity, of the disk is another indicator that the black hole is a whirling dervish, spinning so rapidly that outside material can orbit within a hair's breadth of ultimate doom.
I had been spinning them pretty much perfectly since St Louis and just couldn't put it down.
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 means describing a reality that suits your purposes.
Young was spinning in the VIP lounge at Barroom in Miami's South Beach.
Spinning is an act of disorientation, and through that disorientation, control.