what is a private investment in public equity pipe 
private investment in public equity pipe is the buying of shares of publicly traded stock at a price below the current market value cmv per share this buying method is a practice of investment firms mutual funds and other large accredited investors a traditional pipe is one in which common or preferred stock is issued at a set price to the investor while a structured pipe issues common or preferred shares of convertible debt the purpose of a pipe is for the issuer of the stock to raise capital for the public company this financing technique is more efficient than secondary offerings because they offer fewer regulatory hurdles with the securities and exchange commission sec on the downside pipes tend to be an expensive source of capital since the issuer must take a discount on the stocks sold 