The potential of legal liability ensures that sponsors want quality operating private companies for this process. A public company has a responsibility to its shareholders. As a matter of corporate self-interest, the public company must insure a strong share price. This responsibility adds ongoing costs to any company's operation. Whether your public company trades OTC or on the NYSE, investor relations will be part of your annual expenditures.
Every industry wants to sell products that make their members the most money.
The Spinoff saves you money. But, securities attorneys lose income. U. S. brokerage firms make less money doing Private Placement than public offerings. Financial printers lose money, etc. It isn't in the Industries best interest to mention a Spinoff to the CFO of a private company.