> If you partially own a company, the advantage to the company is partially your advantage. We're talking about IPO/SPAC investors who don't own the stock yet.

> If you partially own a company, the advantage to the company is partially your advantage. We're talking about IPO/SPAC investors who don't own the stock yet. Are you suggesting that current investors would pass the savings of skipping the IPO process on to new investors? That would be a tangible benefit of skipping the IPO process for public investors. But no one seems to be willing to say that will happen.