> is that for regulatory reasons the company can't sell new shares this way, so it's just a means to go public and doesn't raise any money. Doesn't the company

> is that for regulatory reasons the company can't sell new shares this way, so it's just a means to go public and doesn't raise any money. Doesn't the company own shares? I've always assumed that when I get paid stock options or RSUs, they are transferred from "the company". So I would assume that a company could sell shares as part of a direct listing in order to raise money? Otherwise why direct list?