How do start-ups keep employees after they IPO?

I got a job at a start-up a bit ago.. It seems like a lot of the employees are hoping to jump ship when it IPOs.

But similarly when a company does IPO and grow it's gotta lose some of it's start-up perks like free snacks, basketball on Fridays and Waffle Wednesdays.. As start-ups grow what happens to these perks? Can a company provide snacks and other QoL perks to a 100+ employees? (without it being onerous)

I can imagine a company IPO-ing, growing and then losing most of it's employees who had adjusted to the startup work culture and now can't bare the idea of dressing and acting more formally. Is that common?

submitted by /u/Jpf123
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Startups – Rapid Growth and Innovation is in Our Very Nature!

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