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spinning definition - finance
The act of allocating shares in hot initial public offerings to corporate executives and their boards of directors to induce them to award future lucrative investment banking work to the bank giving out the shares. The term came into public consciousness after the stock market and the initial public offering markets collapsed in the early 2000s.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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