PIPE, private investments in public equity, is a key piece of funding that SPAC sponsors sometimes rely on to raise extra capital in order to get transactions done. However, bankers and sponsors warn that PIPE funding has started to dry up in recent weeks.
JPMorgan's incoming interns in two key business lines should prepare to head into the office. We've got the scoop on the bank's plans for New York- and London-based interns in its investment-banking and markets divisions. Read more here.
