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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso -- Types of Secondary Transactions
Description: Type of Secondary Transactions Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are several types of secondary transactions as follows: Confidentially marketed public offerings -- these offerings go to institutional investors. These transactions use an S3 form to provide shares to known buyers. Bought deal -- these shares are bought by an underwriter who takes the risk of the transaction. Since the risk is shouldered by one underwriter the shares are typically priced higher. PIPEs -- these are Private Investments in Public Entities and give private investors...