Understanding Qualified Institutional Buyer (QIB)
Typically, a QIB is a company that manages a minimum investment of $100 million in securities on a discretionary basis or is a registered broker-dealer with at least a $10 million investment in non-affiliated securities.
Similarly one may ask, is QIP good or bad?
In terms of efficiency I believe that QIP is basically standing on its own feet. It is an efficient product, it works for issuers, and it works for investors.