- Professor Joseph Grundfest, Stanford Law School
During periods of market volatility, PIPE (private investment in public equity) transactions become the preferred securities financing method for many companies. We witnessed this during the financial crisis, and are already seeing PIPE activity pick up. Through a PIPE transaction, a public company can bolster its capital and do so on an efficient basis. Many financial sponsors, including venture capital funds, hedge funds, and private equity funds, may make investments in public companies through PIPE transactions.
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