Price too high. Also lot of ICO investors ready to dump when launched at exchanges. current OTC price is 30 times ICO price. Not a bargain at all.
It's 30 times ICO price because the ICO was held at a time when altcoins were at the end of bear market. Not many investors believed in IOTA ICO. Then Ethereum pump came and brought altcoins back to live. IOTA price was pretty much stable since then.