How do IPOs, SPACs, and Direct Listings actually work? Have you ever caught the financial news headlines about some new IPO and wondered if this could be the unicorn stock that funds your dreams? But first, you think - what is an IPO? In this book you'll learn about the various paths a private company can take to become publicly traded, including via IPOs, SPACs, direct listings, etc. This book answers the question "How does an IPO work?" and provides a framework to help you answer a second question, "Should I Invest?". Nam Nguyen has over thirteen years of experience working in the investment industry. He honed his equity research skills as a hedge fund analyst covering the internet, video games, consumer tech, e-commerce, and China/India internet space. A major part of his role involved analyzing the myriad of IPOs. More importantly, with a framework to analyze the IPOs, you'll have the foundation to analyze for yourself whether the newly public stock is a worthy investment. Get your tool kit for identifying long-term investments.