PIPE Report
September 1, 2009 at 1:08 pm Leave a comment
Sierra Bancorp Common Stock Financing August 31, 2009
Wunderlich Securities placed a $21.3 million common stock offering for Sierra Bancorp. The shares were priced at a 16.2% discount to Sierra’s closing share price when the deal became final on Aug. 28.
Facet Biotech Invests in Trubion August 31, 2009
Trubion Pharmaceuticals agreed to raise $10 million through a common stock PIPE issued to Facet Biotech. Shares were priced at a 35% premium to Trubion’s average trading price in the 60 days before the agreement.
Former Faro Sales Exec Settles Bribery Case August 28, 2009
A former sales director for PIPE issuer Faro Technologies provided $444,000 in bribes to customers in China, according to a lawsuit filed by the Securities and Exchange Commission.
Few Dare to Tread in India’s PIPE Market Posted August 28, 2009 4:00PM PST
Private equity investors have mostly vacated the PIPE space in India, but a few PE and VC funds–like Sequoia Capital India–are still involved.
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