Equity Financing and External Contracting at Biotech Firms: Evidence from PIPEs
نویسندگان
چکیده
منابع مشابه
Equity Financing and External Contracting at Biotech Firms: Evidence from PIPEs
We investigate young public biotechnology companies that raise additional capital utilizing offerings of private investments in public equity–so-called PIPE deals. Among 110 biotech firms that raise $5.5 billion in IPO proceeds during 1996 to 2004, 61 firms raise an additional $9.5 billion from 200 PIPE deals by the end of 2006. We study the timing and terms of such private placements in relati...
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ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2015
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v7n2p1