When investment banks allocate shares of a popular but underpriced IPO to executives of other firms in order to attract their business,it is called

Question

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This practice is known as spinning, where investment banks allocate shares of an underpriced IPO to executives of other firms in order to attract their business. It is considered an unethical practice as it's a way of bribing potential clients.

When Investment Banks Allocate Shares of a Popular but Underpriced