Premium PIPEs: Why Do Investors Pay More than the Market Price?
Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United StatesPart of the Lubar Research Seminar Series Speaker: Yianni Floros, University of Wisconsin Milwaukee Private investments in public equity (PIPEs) are frequently issued at a price above the prevailing market price. Although the prior literature largely ignores premium PIPEs, …