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 the SpinCenter in Winterthur, Switzerland the complete spinning line for such trials is available.
4 : to form threads or a web or cocoon by giving off a sticky fluid that quickly hardens <A spider was spinning its web.
A coordinated turn was started, followed by the application of left rudder and aft elevator to initiate spinning.
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.
Open-end spinning machine, specifically manufactured for short staple fibers, was considered a good rival because of much higher production and better evenness of the yarn.
While carnies set up thrill rides and farmers carted goods ranging from giant sunflowers to exotic pumpkins, Pinkston explained the timeless art of spinning and weaving.
Withdrawal of these workers from spinning was to be offset by mechanizing flax spinning, at least the coarse grades of yarn.
Wagner's team has worked out a method to align the fiber during spinning to create a network that has a more regular structure g than the typical crisscrossed mat does.
There is real satisfaction in starting with a ball of fluff and ending up with a sweater,'' said Barbara Robbins of Fall River Mills, who has been spinning for 18 years.
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
Those include rolling the dangling, spinning yo-yo along the ground "walking the dog", swinging it back and forth through a triangle of string "rock the baby, and swinging the flinging yo-yo in giant circles at the end of the string "around the world".