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 ?
Probably still the best older distaff runner on dirt in North America.
Ginger Punch (right) has followed up her Breeders' Cup Distaff win (above) with more success at five
Keeneland Spinster Stakes G1 Polytrack 1m1f Lady Joanne, winner of the Alabama Stakes on her most recent start, takes on her elders for the first time in this revered distaff event.
We've got to see where we belong before we can think of anything else," trainer Carl Nafzger said of the race and the possibility of a start in the Breeders' Cup Distaff.
Victory in the Breeders' Cup Distaff by more than six lengths at four was the highlight of a season which saw her Grade 1-placed on six occasions, earning her a second Eclipse, this time as champion older female.
Dark Missile, who enjoyed her finest hour when capturing the Wokingham Handicap at this year's Royal Ascot, will be bidding for back-to-back Shergar Cup Distaff victories, after her success in the 6f handicap last year.
Haggis added: "The Distaff has always been the problem race of the day.
The daughter of Indian Charlie was sent off the favourite for the Distaff following authoritative victories in the Grade 1 Personal Ensign and Beldame Stakes, but was pulled up midway through the Distaff after suffering injuries to both branches of the suspensory ligament in her left front fetlock.
There also could be undefeated horses in the $2 million Turf (5-for-5 Shakespeare), Distaff (4-for-4 Nothing But Fun), $1.
The biggest was 13 lengths by Inside Information, also trained by McGaughey, in the 1995 Distaff.
Yep, ``Beauty Shop'' is distaff ``Barbershop'' all the way.