n.
An investor who purchases shares in an initial public offering with the intention of quickly selling them after the price has risen. (Cf. bull and bear.)
Example Citation:
"Following Monday's frantic debut, 'when issued' shares of Internet highflier Freeserve fell 10p to 195 1 /2 p as stags took profits."
—Geoff Foster, "Glaxo's US victory not to be sneezed at," Daily Mail, July 28, 1999
—Geoff Foster, "Glaxo's US victory not to be sneezed at," Daily Mail, July 28, 1999
Related Words:
Categories:
