What are "PIPEs"? A PIPE (Private Investment in Public Equity) refers to a private placement of securities of an already
PIPE TRANSACTIONS 2016
What are "PIPEs"? A PIPE (Private Investment in Public Equity) refers to a private placement of securities of an already-public company that is made to selected accredited investors (usually to selected institutional accredited investors). In a typical PIPE transaction, investors enter into a purchase agreement that commits them to purchase securities and usually requires the issuer to file a resale registration statement covering the resale from time to time of the privately purchased securities.
Number of PIPE Transactions 1199
1172 1114
Dollars Raised in PIPE Transactions $51.6 billion
2016
$41.4 billion
2015
1098
$34.5 billion
2014
1066
$23.8 billion
2013 2012
2013
2014
2015
2016
$36.0 billion
2012
Instruments Issued in PIPE Transactions in 2016 Common Stock...67.72% Preferred Stock: Convertible...9.92% Preferred Stock: Non-Convertible...0.00% Debt: Convertible...11.18% Debt: Non-Convertible...2.34% Other: Convertible...< 0.01% Prepaid Warrant...2.84% Equity Line...5.84% 67.72% Unknown...< 0.01%