PIPEs: A Guide to Private Investments in Public Equity: Revised and Updated Edition

Private investments in public equity (PIPEs) offer a practical financing alternative for companies seeking capital and a unique asset for investors. For practitioners who know 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. Why are more companies using PIPEs to raise capital-and why are PIPEs attracting more investors than ever? As finance professionals expand the boundaries of private placements with new techniques, private investments in public equity have become a powerful tool to raise capital and generate investment returns.With contributions by the foremost practitioners in the industry, this completely updated edition provides a 360-degree view for those working in-or interested in-this evolving field of finance. Those looking for more than the daily market media provide will find the information they need on deal terms, legal issues, and the hottest trends in small cap investing including reverse mergers and a variety of structured-finance alternatives. Edited By Steven Dresner With E. Kurt Kim. Includes Index.