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Examples

  • Prior to the start of the roadshow, bankers conducted what is known as a "wall-crossed offering," where financial information about the company was provided to investors who signed confidentiality agreements, according to people familiar with the matter.

    Investors Show Interest in AIG Stock Sale

  • While wall-crossed deals gained some traction last year, and overnight offerings have been on the rise for several years, combining both has taken off in the past two months.

    Follow-On Deals Take a Night Shift

  • A lot of major accounts, before they even know the name of the company, will say they don't want to be wall-crossed on anything.

    'Wall Crossings' Provide Fund-Raising Edge

  • "The buy-side is less enamored of being wall-crossed now," said Lisa Carnoy, co-head of equity capital markets in the Americas for Merrill Lynch & Co.

    'Wall Crossings' Provide Fund-Raising Edge

  • "If an investor agrees to be wall-crossed, they have to agree to be out of [trading] that stock for a day or two, and a lot of portfolio managers don't want to take the risk of being out of this market for that long.

    'Wall Crossings' Provide Fund-Raising Edge

Comments

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  • The prepared script continued by stating that if the information was passed on by the salesman, the recipient would be bound to keep it confidential and would not be permitted to trade in securities of the entity concerned norengage in any other trading-related conduct in respect to those securities based on the confidential information. Those restrictions were to continue until the information was in the public domain. The sharing of information in this way is routine, the recipient is termed as having been “wall crossed�? i.e. brought across to the “confidential�? side of an information wall designed to prevent improper use of confidential price sensitive (“inside�?) information.

    —'Hedge Fund Journal', Dec. 2006

    On 11 February 2003 Mr Jabre was 'wall crossed' by Goldman Sachs International as part of the pre-marketing of a new issue of convertible preference shares in Sumitomo Mitsui Financial Group Inc (SMFG).

    —FSA press release, 1 August 2006

    I'm entering this word under the past participle, but both uses above seem to require an originating verb 'wall-cross', since they use it in a verbal rather than an adjectival way.

    August 8, 2008