Tuesday, April 17, 2007

[definition] PIPES

PIPES. private investments in public equities. "In a typical Pipes deal, a company sells unregistered stock at a 5 to 15 percent discount to the public share price. Issuers accept such discounts because Pipes don’t involve the lengthy regulatory approvals and investor road shows required of public offerings." (Euromoney 10-22-06)

No comments :