Home » Dictionary » spinning

spinning

spinning
 n.— «Handing out chunky pieces of a hot IPO has led to trouble in other markets. Several years ago, U.S. regulators cracked down on a practice known as spinning, in which investment banks steered hot IPO shares to preferred clients in hopes of winning lucrative advisory work from those clients.» —“Hong Kong elite score hot IPOs” by Kate Linebaugh in Hong Kong Wall Street Journal June 2, 2006. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Sock it to Me (episode #1557)

In the 15th century, the word respair meant “to have hope again.” Although this word fell out of use, it’s among dozens collected in a new book of soothing vocabulary for troubled times. Plus, baseball slang: If a batter...

Bug in Your Ear (episode #1537)

Is there something inherent in English that makes it the linguistic equivalent of the Borg, dominating and consuming other languages in its path? No, not at all. The answer lies with politics and conquest rather than language itself. Plus: a new...