Which is a genuine drawback of going public?

1. Going public carries real costs alongside the money raised. 2. There is no guarantee an initial public offering will sell at all. 3. It is expensive, with big fees for investment bankers, brokers, attorneys, accountants and printers. 4. Once public, the company is closely watched by regulators, stockholders and securities analysts. 5. It must reveal operating and financial data, product details, financing plans and operating strategies, and providing that information is often costly. 6. Equity is not repaid and carries no obligation to pay dividends, so the first and fourth options describe debt-like burdens equity does not impose. 7. Some companies stay private for these reasons, among them Cargill, SC Johnson, Mars, Publix Super Markets and Bloomberg. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 16 "Understanding Financial Management and Securities Markets", section 16.5 Equity Financing_