Target Audience: Librarians who want to know more about securities terms; librarians who do financial research and need to know about Private Investment in Public Equity (PIPE) transactions
1) Participants will be able to recognize and understand new securities terms and how they were developed.
2) Participants will be able to understand how and why PIPE transactions are used as a financing vehicle, and how to identify resources and methods for researching PIPEs.
Corporate and securities terms of art evolve as labels to identify complex mechanisms, which can be difficult to understand without knowing how the terms evolved and are used by securities and corporate attorneys. The first part of the program will cover the meaning behind some of these terms of art. The speakers will present and explain Big Boy Letters, Bear Hug Letters, a Greenshoe, a Wells Notice, and additional terms.
The second part of the program will focus on PIPEs: how they are used by companies as a financing device and how librarians can find information about them. PIPE transactions have become an increasingly important financing vehicle for many public companies, and in 2011, PIPE deals raised more than $27 billion in financings. As a consequence, librarians who work for law firms with private equity clients are being asked to research PIPE deals. This part of the program will describe for participants the PIPE market and why PIPE financings are used. Participants will also learn about online tools that librarians can use in researching PIPE transactions. The program will conclude with a discussion of search strategies for using these resources.