All private equity funds face the difficult issue of placing a value on the worth of their private
equities. The rule of conservatism states that portfolios should be marked down quickly and …

This paper examines why the majority of private placements of equity sell at substantial
discounts, while a few sell at premiums. We compare private equity offering (PEO) firms with …

Public investment in private equity (PIPE) is a financing form growing in popularity in the US,
recently surpassing seasoned equity offerings in number and value. Research to date is …

In the US, private investment in public equity (PIPE) is thriving. In Canada, the PIPE market
also appears to be expanding rapidly, although evidence is scarce. The Canadian …

Usually, private equity firms take control of firms which are privately held, and tend to act
hidden. But, in recent years, the rising phenomenon of private investments in publicly listed …

The primary goal of corporate financial managers is to maximize shareholder value and my
dissertation aims to get a deeper understanding about the actions that firms and their …

A corporate bond indenture often includes covenants that allow bondholders to take specific
actions (eg, force prepayment or reorganization) if certain specific conditions are violated. A …

Purpose–The purpose of this paper is to investigate short‐selling around private investment
in public equity (PIPE) issuances, for evidence of manipulative short‐selling by hedge funds …

This thesis conducts an empirical investigation of the Canadian Flow-Through Shares (FTS)
scheme. FTS are a type of common share unique to Canada which entitle the initial …

We document that the use of private investment in public equity (PIPE) by foreign firms listed
on US exchanges is growing even faster than its use by US firms. On average, foreign firm …