Combobox doesn't display modelValue when autocomplete mode is set to "list" or "none"

[NingenJanai]

Expected behavior

When the modelValue is passed to the combobox it should display the selected item.

Actual Behavior

When the modelValue is passed to the combobox and autocomplete mode is set to "list" or "none" the input remains blank.

Describe what happens instead. Best via a live code reproduction.
To create one click the link below and edit away.
Once the error is reproduced fork/safe and link it.

https://studio.webcomponents.dev/edit/OJTxKWU06xEJGaI2AFSG

Additional context

Which component and version of it are you using.