Given the frequency and its important value implication of post-IPO M&A activity, we investigate empirically whether investors can utilize information based on IPO deal structure to predict merger and acquisition activity among newly public firms. Consistent with the hypothesis that some firms...

We investigate empirically how investor objectives condition the design of financial contracts as manifest in private investment in public equity (PIPE) deals. We hypothesize that varying objectives among different types of institutional investors affect the observed allocation of cash flow...