I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.
There should be a way to cap the bids at 0.003 and then sell them on a first come, first served basis. After they are all sold out then you can exchange them freely (and bid higher).
Or, not allow bids until the shares are listed, that way no one would bid more than 0.003 until the IPVO is sold out (because they would just match the ask of 0.003). I know the bids help with understanding demand for each exchange, but BitCsByBit is right, this can turn into a bit of a mess.