General
stagging
What does stagging mean?
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."
Origin
London Stock Exchange slang dating to at least the 19th century; bloomed in the 1980s UK privatisation IPOs.
Frequently asked questions
What does stagging mean?
Stagging is subscribing to an IPO purely to flip the allocation on the first day of trading for a quick profit, rather than holding the shares.
How do you use stagging in a sentence?
He made a tidy sum stagging that IPO, selling every share within hours of the market open.
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