noun
General Slang
Stagging
· noun · finance
Subscribing to an IPO just to flip the allocation on day one.
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Definitions
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British for IPO flipping. You apply for the float not because you love the company, but because you reckon the first-day pop will be juicy and you'll be out before lunch. A "stag" is the punter, the act is "stagging". Worked beautifully through the Thatcher-era privatisations.
“Half the retail book was just stagging — gone by the close on day one.”
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Stagging In A Sentence
Half the retail book was just stagging — gone by the close on day one.
Origin & Usage
London Stock Exchange slang dating to at least the 19th century; bloomed in the 1980s UK privatisation IPOs.
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