Private investments in public equity (PIPEs) offer a practical financing alternative for companies seeking capital and a unique asset for investors. For practitioners who kw how to identify and execute transactions, PIPEs present a growing opportunity. This revised and updated guide presents the views, voices, and invaluable expertise of leading practitioners from all specialties in the field. The book is divided into three parts: The Business of PIPEs, which provides a historical backdrop and overview; Regulatory Landscape and Structural Alternatives, which details the legal framework and transaction structures; and Deal Flow, which offers the investor's perspective on negotiating deals. With detailed discussions, ranging from the origins of the marketplace and deal structures to legal considerations and due diligence, and from finding new opportunities to trading strategies, this book provides a clear window to the inner workings of this active area of the small-cap market. Investors, financial analysts, investment bankers, corporate and securities attorneys, and executives of public companies will find substantial value in the pages of this book.
Steven Dresner is the publisher of The PIPEs Report, the first publication dedicated to providing news, information, and analysis of private investments in public equity. E. Kurt Kim is the founder and chief executive officer of PrivateRaise, L.L.C., the leading research consultancy (awarded a Forbes Best of the Web designation in 2002) for comprehensive market intelligence and analysis pertaining to PIPEs and Rule 144A transactions.