Haggard, K. Stephen; Zhang, Ying Jenny - In: Journal of Multinational Financial Management 20 (2010) 2-3, pp. 144-157
We document that the use of private investment in public equity (PIPE) by foreign firms listed on U.S. exchanges is growing even faster than its use by U.S. firms. On average, foreign firm PIPE stock deals represent a similar proportion of the firm's market capitalization to U.S. firm PIPEs, but...