PIPE

Private investment in public equity: a public issuer privately places equity or equity-linked securities with investors. The securities are acquired directly from the issuer, rather than merely through a privately negotiated purchase from another shareholder.

Also called Private investment in public equity

PIPE in round numbers

Hypothetical: a listed company raises US$50m by privately placing newly issued shares with an investor at a negotiated price. A discount is possible but is not a defining requirement. Security terms, ownership dilution and resale restrictions require separate review.

Public equity · Going private · Tender offer · Anchor investor · All of the glossary