IPO vs DPO vs SPAC

In contrast to traditional, time-consuming initial public offerings (IPOs), listings (DPOs) and SPAC/shell company transactions have one thing in common: in these cases, the IPO takes place without an upstream subscription phase. The regular advantage of this is that admissions to trading and SPAC/stock exchange shell transactions are easier to plan, control and implement.

Pure listings and SPAC/stock exchange shell transactions differ in that, in the case of listings, shares in an existing company can be included directly in trading on a stock exchange once it has been determined that the company is ready to go public and the application has been successfully submitted. In the case of a SPAC/shell transaction, on the other hand, a company seeking to go public acquires a company whose shares are already listed on a stock exchange. A SPAC/stock exchange shell transaction thus enables immediate access to the stock exchange, theoretically within 24 hours. After the acquisition of the listed company, the business of the company seeking to go public is then incorporated into the listed company.

The independent stock exchange professionals at INSTANT IPO are happy to compare which route to the stock exchange is the most advantageous for your company.

Your paths to the stock exchange compared

Three paths. One goal: successfully take your company public.

Initial public offerings (IPOs)

Advantages

  • High level of public attention
  • Placement is handled by underwriting banks

Disadvantages

  • High regulatory requirements
  • High costs
  • High time expenditure (>12 months)
  • Complex process involving banks, lawyers, auditors, etc.

Listings (DPOs)

Advantages

  • Lower access barriers
  • Lower costs
  • Less time

Disadvantages

  • Realisation time at least 3-4 months
  • Comparatively less attention during note taking
  • Regulatory requirements can differ considerably in some cases depending on the stock exchanges
fast & flexible

Shell Companies / SPAC

Advantages

  • Low access barriers
  • Lowest costs
  • Can be optimally planned in challenging market phases
  • Minimum time required (almost immediate implementation possible)
  • High level of control due to high degree of independence in implementation

Disadvantages

  • Only due diligence of the vehicle company

We are happy to advise you on which path best suits your company.