What are the pros and cons of IPOs vs. direct listings vs. reverse mergers?

Each path to the public markets has its advantages. IPOs raise large amounts of capital upfront but are costly and dilutive. Direct listings preserve control and avoid banker fees but usually don’t raise money immediately. Reverse mergers are fast and efficient but require careful diligence on shells to ensure credibility.

The mistake entrepreneurs make is assuming one size fits all. Too often, founders are pushed toward IPOs by investment banks because that’s how they make money. Others dismiss reverse mergers without understanding that, when properly structured, they can be highly effective.

Meraki Partners is unique because we have deep experience across all three paths. We don’t push one model; we educate founders on the trade-offs and guide them to the structure that best aligns with their goals, timeline, and budget. This makes us a trusted advisor rather than a transaction-driven intermediary.

The outcome is a tailored strategy. With Meraki Partners, entrepreneurs don’t just “go public” — they go public the right way, in the way that maximizes control, credibility, and long-term value creation.