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 sky's nightly rotation and the seasonal displacement of Frigg's Distaff put the passage of time on public display and mirrored the business of spinning thread.
However, she appears to be running back into form at just the right time before being asked to defend her Distaff title.
Fleet Indian (right) will go off hot favourite in the Distaff and Henny Hughes likewise in the Sprint.
"To have tow on the distaff" means to have a job to do in old English, but it was spelt "distaef" and identified in the dictionary as a staff holding flax for spinning.
The List Multiple Breeders' Cup winners Bayakoa (Distaff 1989, 1990) Conduit (Turf 2008, 2009) Da Hoss (1996, 1998) Goldikova (Mile 2008, 2009, 2010) High Chaparral (Turf 2002, 2003 dd-ht) Lure (Mile 1992, 1993) Midnight Lute (Sprint 2007, 2008) Miesque (Mile 1987, 1988) Ouija Board (Filly & Mare Turf 2004, 2006) Tiznow (Classic 2000, 2001) Zenyatta (pictured) (Ladies' Classic 2008, Classic 2009) All mixed up Rearrange the following words to reveal the name of a Devon-based trainer Rancid Vat Troll (6,8) Answer on page 24 Compiled by John Randall, Nicholas Godfrey and David Dew
Procter, who runs Wriggle Valley Thoroughbreds, is launching the scheme, called Distaff Ventures, with Martyn Forrester, the ownerbreeder of Double Dizzy.
Ali G, first seen on C4's "The 11 O'Clock Show," famously chose Working Title over FilmFour to produce his movie "Ali G Indahouse" because his creator Sacha Baron Cohen said C4 pics were "too depressing." The distaff trio from the Emmy-winning C4 series "Smack the Pony" have just made their debut movie, "Gladiatress," with Icon.
So the Distaff is the only Breeders Cup race which will see Kinane viewing on TV in the Jockeys' Room.
Johnny Arcilla and PJ Tierro renew their rivalry in the men's division while sisters Clarice and Christine Patrimonio forged a title duel in the distaff side in the PPS-PEPP Brookside Open at Brookside Hills Tennis Club in Cainta over the weekend.
Entries for the Royal Hunt Cup and Wokingham at Royal Ascot are published Thursday Hayley Turner rides for the first time in the US when she takes part in the charity Pimilco "Distaff" Jockey Challe**Friday Read the latest news on Newmarket's Derby contenders in the Racing Post as the countdown to the big race continues following a media visit to headquarters
Of the 42 entries made for the stayers' race only five are eligible for the Rest of the World team while just six of the 32 entries in the Distaff race could not be part of the European team.
In the distaff side, WGM Janelle Mae Frayna opened her bid for the lone slot to the Women's World Championship cycle with a victory over fellow national player WIM Beverly Mendoza.