Hello!

We know that a lot of tokens drop price when listed in exchanges just after ICO. I do not understand why companies list tokens immediately.

Suppose some company goes to ICO and DO NOT have plans to list the token at any exchange immediately after ICO.
What are conclusions from this?
1. The company have good project and really looks for investment to develop the project. It needs money to grow and make good business.
2. If cap have not been reached then Company could store tokens to sell later because it have good intentions (see p.1). Definitely some investors will want to buy after see the company is on good way.
3. The company goes to take all the money and disappear so it does not care about promises. But having this intention does not prevent company from making promises to list token.
3. What else?


Suppose some company goes to ICO and DO have plans to list the token at any exchange immediately after ICO.
What are conclusions from this?
1. The company have good intentions, but want to drop the price to buy its tokens back for much smaller amount? If it has money after ICO to grow the project then why it should go to exchange?
2. The company have good intentions, but want to raise price to sell some tokens for extra amount.
3. The company have bad  intentions, want to drop the price to buy its tokens back for much smaller amount, ideally buy all the tokens back and remain "clear" - no tokens, no liability - profit.
4. The company have good intentions but poor management? If company have good project isn't it better to start it and show some growth and list token later when it will have good support according to project results and not because of ICOs promises.
5. Something else?

What do you think?