Sort:  

Yes. The emission is investment. Everything after speculation. You can buy the stocks ten times and no cent goes to the company (How many times the GDP of the earth is traded daily on the stock exchanges?)

It goes to the people who work for the company who need liquidity to sell their stock.

Ah, I see. Getting stocks instead of money is something that is quite unique to the US.

Still, since the stocks are created just for that, it is an emission.
(The worker has invested her time into the company.)
But the people who buy the stocks from the workers are speculators. And no cent of their money goes to the company.

It allows the company to pay workers in stock in the first place. If no one speculated then stocks would have no market value.