The Economics of PIPEs
By Private Equity, Lim, Jongha, Schwert, Michael, Weisbach, Michael S. on Oct 21, 2017
Private placements of equity, commonly referred to as “PIPEs,” are an important source of financing for many public corporations. According to PrivateRaise, a leading database on PIPE transactions, between 2001 and 2015, there were 11,296 private placements of common stock by U.S. listed firms that raised $243.9 billion. Firms raising…
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