With respect to IPOs the term Spinning refers to

a.

Telling investors they are participating in an IPO when they are actually obtaining the shares in the aftermarket.

b.

Falsifying research reports on stocks.

c.

Excessive selling of shares by insiders immediately after an IPO.

d.

Allocating shares in an IPO to firms or private accounts of CEOs in exchange for investment banking business later on or other perks.

e.

The bankers option to purchase additional shares from the issuing firm at the original bid price if the issue does well.