I think this question is a bit like asking "Are there any substantial examples of real problems solved by incorporating companies and turning them into publicly

I think this question is a bit like asking "Are there any substantial examples of real problems solved by incorporating companies and turning them into publicly-traded corporations?" This question may also have been baffling to most people when corporations had just been legalized. The answer is; it solves problems for participants and creates problems for non-participants. That's why it will definitely succeed as an economic instrument.