I am interviewing with a small boutique firm that specializes in PIPE's for small/mid-caps. Is this good I-Banking experience? Anyone know anyone who does this type of I-Banking?
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Anyone with some advice or input?
its not the shemano group in san francisco is it?
No, NYC...
I am not worried about the firm, just looking for feedback about I-Banking that deals with PIPE's
Good experience? How is this viewed?
I think it depends on if you want to do PIPEs for the long term. If you want to do PIPEs throughout your career then that would probably be a good move. Otherwise I would say working on PIPEs would provide a limited skill set for future opportunities in other product groups. From what I understand, a sucessful PIPE practice involves running some basic screens for public companies burning cash, then making some cold calls, matching a potential investor with the company and then it's done. Not a whole lot to it.
As opposed to working in a back office job, is it better?? That is why I am leaning towards going for it...
I work at a small boutique that does a lot of PIPEs. I can't speak for all banks and the PIPEs they do but at my bank we usually do it with an RTO. I've spoken to a buddy that left our firm for a BB and he said the work is exactly the same. We do all the modeling, drafting of ex sums, ppms, presentations ect. I would without a doubt take that job over some BB back office job any day of the week.
interesting comments...
Boutique Investment Bank Specializing in Pipes (Originally Posted: 03/11/2016)
Hi Guys,
Long time reader here at WSO. I have a quick question about PIPES and the type of skill set you can acquire from them. I have an opportunity to join a boutique that specializes in them. Was wondering the type of work usually involved in pipes in terms of modeling, deal process, etc...?? Are the skills you learn in these types of deals relatively the same across the board in terms of valuation?
I come from a non target and have worked my ass off to enter the industry. I have another option to join a more successful boutique but in more of an institutional sales capacity. Trying to figure out which to choose here.
Thanks for the help guys, much appreciated.
The PIPE boutique will be more transferable than institutional sales, if that's what your saying
In terms of eventually moving to a MM or BB, do the skills you learn while involved with pipes and RDO's at a boutique transfer over well to other product groups at larger banks? In other words, how does the modeling for smaller pipe deals compare to the types of modeling I would need to learn to move on to a bigger bank down the road.
Thanks Charizard, means a lot.
PIPE's are getting hot... (Originally Posted: 03/01/2007)
These PIPE transactions are getting popular for bigger companies. I have seen a handlful of 500m-2b PIPE transactions in the past few weeks.
Anyone know why?
not just hot, but PIPING hot!! GET IT?? BAAAAHAHAHAH
in all seriousness, PIPE's are becoming very common as new financing vehicles..
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