How Do SPACs Compare to Direct Listings and IPOs? episode artwork

EPISODE · Sep 22, 2025 · 2 MIN

How Do SPACs Compare to Direct Listings and IPOs?

from The SPAC Podcast: Special Purpose Acquisition Company · host Joshua Wilson

In this episode of The SPAC Podcast, Patrick Sturgeon, Managing Partner at Brookline Capital Markets, explains why some companies may choose a SPAC over a traditional IPO or direct listing. While SPACs are not always the best option, Patrick highlights the unique flexibility they offer for certain situations.He discusses how SPACs allow companies to phase in capital raising through mechanisms like PIPEs or private placements and to structure features such as earnouts more easily than in a traditional IPO. These tools can provide companies with additional structuring options as they transition from private to public.Connect with the Guest: Patrick Sturgeon – Managing Partner, Brookline Capital Markets Website: https://brooklinecapmkts.com/ LinkedIn: https://www.linkedin.com/in/patrickasturgeon/ View all of their episodes here: https://www.thespacpodcast.com/guests/patrick-a-sturgeon/Connect with the Hosts & The SPAC Podcast: Michael Blankenship LinkedIn: https://www.linkedin.com/in/mikeblankenship/ Joshua Wilson LinkedIn: https://www.linkedin.com/in/joshuabrucewilson/ YouTube Channel: https://www.youtube.com/@Thespacpodcast#SPACs #CapitalMarkets #SPACPodcast #IPOAlternatives #DirectListing #SPACTalk #BrooklineCapitalMarketsContact The SPAC Podcast: https://www.thespacpodcast.com/contact/Disclaimer: Michael J. Blankenship is a licensed attorney and partner at Winston Taylor. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is for informational and educational purposes only and should not be considered legal, financial, or compliance advice. All views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, law firm, organization, or employer. Listeners should consult their own legal counsel, compliance teams, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.Let's Connect on LinkedIn: https://www.linkedin.com/in/mikeblankenship/ https://www.linkedin.com/in/joshuabrucewilson/ To Contact Us, Please Visit: https://www.TheSPACPodcast.com/contact/

In this episode of The SPAC Podcast, Patrick Sturgeon, Managing Partner at Brookline Capital Markets, explains why some companies may choose a SPAC over a traditional IPO or direct listing. While SPACs are not always the best option, Patrick highlights the unique flexibility they offer for certain situations. He discusses how SPACs allow companies to phase in capital raising through mechanisms like PIPEs or private placements and to structure features such as earnouts more easily than in a tr...

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How Do SPACs Compare to Direct Listings and IPOs?

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This episode is 2 minutes long.

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This episode was published on September 22, 2025.

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In this episode of The SPAC Podcast, Patrick Sturgeon, Managing Partner at Brookline Capital Markets, explains why some companies may choose a SPAC over a traditional IPO or direct listing. While SPACs are not always the best option, Patrick...

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