PIPEs
A Guide to Private Investments in Public Equity, 2nd, Revised and Updated Edition
Published on 24. May 2010
292 pages
978-0-470-88307-5 (ISBN)
Description
Private investments in public equity (PIPEs) offer a practicalfinancing alternative for companies seeking capital and a uniqueasset for investors. For practitioners who know how to identify andexecute transactions, PIPEs present a growing opportunity.
This revised and updated guide presents the views, voices, andinvaluable expertise of leading practitioners from all specialtiesin the field. The book is divided into three parts: "The Businessof PIPEs," which provides a historical backdrop and overview;"Regulatory Landscape and Structural Alternatives," which detailsthe legal framework and transaction structures; and "Deal Flow,"which offers the investor's perspective on negotiatingdeals.
With detailed discussions, ranging from the origins of themarketplace and deal structures to legal considerations and duediligence, and from finding new opportunities to tradingstrategies, this book provides a clear window to the inner workingsof this active area of the small-cap market. Investors, financialanalysts, investment bankers, corporate and securities attorneys,and executives of public companies will find substantial value inthe pages of this book.
Reviews / Votes
"A valuable and comprehensive update on the PIPEs market, withinsights from the bankers, lawyers, and buyers. This is animportant reference for anyone working with PIPEs." --Paul Roth Partner, Schulte Roth & Zabel LLP "A complete guide designed by qualified professionals tohelp companies, investment professionals, and investors betterunderstand PIPEs as a financial tool." --Mitch Hull President, Hull Capital Management, LLC "The PIPE space is made up of so many moving parts, but thisbook turns it all into a smooth-running machine. Everyone inthis business has learned to rely on Steven and Kurt for clarityand understanding." --Mitch Levine Managing Member, Enable Capital Management "Steve Dresner is the most knowledgeable person in the world ofPIPEs. This PIPEs book is the bible of the industry andthe source for anyone seeking straight answers regarding thisotherwise complicated subject." --Dian Griesel, PhD Founder and Chairman, The Investor Relations Group "The first book to explain the trends in the PIPE industry,this revised and updated edition is essential reading to keep upwith the changes and make the best use of this important financingvehicle." --Ramnarain Joseph Jaigobind Managing Director, Global Equity Capital Markets, Maxim Group,LLC "The PIPEs market is one of the most dynamic areas of investmentbanking today. Whether you are an investor or an issuer, banker, orstudent, this book is a must-read for understanding thisincreasingly important area of the equity and equity-linked capitalmarkets. I strongly recommend this publication to both marketprofessionals and laypersons interested in the PIPEsmarket." --Kim S. Fennebresque Chairman and CEO, Cowen and Company, LLC "This is a must-read for attorneys, hedge fund managers,investment bankers, traders, and all companies looking to raisecapital. This book will become a handy reference to theinvestment community." --Ron Nash Past president and founder, Nash Weiss & Co.More details
Other editions
Additional editions
Dresner, Steven / Kim, E. Kurt | Steve Dresner | E. Kurt Kim
PIPEs
A Guide to Private Investments in Public Equity
Book
2006
1st Edition
Bloomberg Press
€93.00
Shipment within 3-4 weeks
Persons
Steven Dresner is publisher of The PIPEs Report(www.pipesreport.com), the first publication dedicated to providingnews, information, and analysis of private investments in publicequity. Formerly, Mr. Dresner was a vice president in theinvestment banking group at Ladenburg Thalmann & Co., atop-performing placement agent for PIPE transactions as ranked byindependent sources. Mr. Dresner was also chairman and chiefexecutive officer of the telecommunications company and softwaredeveloper VCOM Corporation. In addition to publishing The PIPEsReport, Mr. Dresner is publisher of The Small Cap Report(www.smallcapreport.com), a monthly research publication focused onsmall- and micro-cap equity analysis and market trends and TheReverse Merger Report, a quarterly focused on the business ofshell mergers and SPACs. As president of DealFlow Media, Mr.Dresner also produces one of Wall Street's largest annualevents, The PIPEs Conference.
E. Kurt Kim is the founder and chief executive officer ofPrivateRaise, LLC (www.PrivateRaise.com), the leading researchconsultancy for comprehensive market intelligence and analysispertaining to private placements of equity and equity-linkedsecurities executed by public companies. PrivateRaise.com wasawarded Forbes's 2002 Best of the Web designation in theFinancial Content Provider category. Mr. Kim has spent the pastdecade in various advisory and deal-making capacities within thefinancial-services sector.
Content
About the Editors.
About the Contributors.
Acknowledgments.
Introduction (Steven Dresner).
Part 1. The Business of PIPEs.
1. Overview: An Emerging Market (Richard E. Gormley).
2. The Marketplace: A Statistical Summary (E. KurtKim).
3. A Historical Perspective: The Bubble, Converts, and the Birthof Structured PIPEs (James F. O'Brien Jr.).
4. The Players: Issues, Investors, Agents and Regulators(Steven Dresner and Brett Goetschius).
Part 2. Regulatory Landscape and StructuralAlternatives.
5. The Law: Legand and Regulatory Framework (James R.Tanenbaum and Anna T. Pinedo).
6. Fundamental PIPEs: Typical Structures and Transactions(Eleazer Klein).
7. Registered PIPEs: Registered Direct Transactions (JosephSmith).
8. Litigation Strategies: Manageing Litigation Risk andAddressing Other Investor Concerns (Perrie Weiner and EdwardTotino).
Part 3. Deal Flow.
9. managing Risk: Securities Structures, Trading, and DealDocumentation (Steve Winters).
10. Due Deligence and Valuation Policy: Caveat Emptor Squared(Stewart Flink).
11. Reverse Mergers and PIPEs: The New Small-Cap IPO (DavidFeldman).
Afterword.
Glossary.
Index.
