Exactly - which is why going public is generally not in the interests of any sustainable company or their customers.

It is, however, in the interests of (1) company insiders that want a huge payout, (2) companies that are not sustainable pre-IPO and need to transition their business model or practice and set the IPO as a ticking clock where they fund or fail, and (3) companies and CEOs who borrow cancer’s business model and are dissatisfied by anything except infinite expansion.

None of those benefit the customer and it makes it rational to expect an IPO to destroy what’s good about a company and its products.