BizTerm Definition
Spinning
Full Definition

A little talked about subject until the Wall Street Journal wrote an article describing how some investment banks favored certain clients with IPO shares in the hope of getting future investment banking business. For example, the CEO of a privately held Silicon Valley software firm who has an account with XYZ Securities might find that he or she was the recipient of a tidy profit from several thousand shares of a particularly hot issue that was bought and sold on the same day.


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