The Costs of Issuing Private Versus Public Equity for Entrepreneurial Ventures

Cécile Carpentier, Jean-François L'Her and Jean-Marc Suret

in The Oxford Handbook of Private Equity

Published in print March 2012 | ISBN: 9780195391589
Published online September 2012 | | DOI:

Series: Oxford Handbooks

 The Costs of Issuing Private Versus Public Equity for Entrepreneurial Ventures

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This article discusses the way small Canadian listed firms discriminate between competing selling devices to lessen their issuance costs. It studies the choice between private placements (PPs) and public seasoned equity offerings (SEOs) for entrepreneurial firms that can decide between these two types of financing. It also examines the institutional setting in the Canadian context and notes its differences from the one that is described in most private investment in public equity (PIPE) studies. One section identifies the two primary constituents of the costs of private and public equity issues and the factors that potentially influence them. This article also provides data and descriptive statistics that are related to Canadian equity issuers.

Keywords: Canadian listed firms; selling devices; issuance costs; private placement; seasoned equity offerings; financing types; institutional setting; private investment in public equity; Canadian equity issuers

Article.  11103 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

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