I'm no expert in this area, but when you mention qualified investors, I think you're describing private investment where qualified investors are required because those investments otherwise have a much lower bar of disclosure and analysis. The thought is investors there need additional protection and if you're qualified you can fend for yourself.

On the public market, the disclosure requirements are much higher, and you're more likely to find analysis, public articles and reports or other analysis you can buy. As far as I know, there's no qualified investor provision for buying stocks on the public market. In the end you can personally wish this company doesn't offer an IPO, but I don't think there's any systematic rule that prevents it as long as they file all the required disclosures and find a financial firm willing to do the administrative work of putting the shares on the public market. (Again though I'm no expert here... so it would be interesting to learn more.)

On the public market, one could class many tech companies in the long-term, high risk, show little to no profit category.