SPAC vs. IPO vs. Direct Listing

Hey everyone,

I'm in CRE, and had some questions relating to SPACs before investing...

I know I can 'just google it', but articles are either written by journalists that don't actually operate in that world or people talking their book on CNBC, so I feel like there are better viewpoints out there. 

Does anyone feel like giving the WSO world a rundown of the pros/cons for these three options and the winners/losers if companies continue to diversify their path to public listing?

Thanks

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