Well, IPO day has come and gone with about 20,000 shares sold. I'm doubting that the next six weeks are going to see an additional 30,000 sold to reach the self-imposed minimum limit of 50,000 to call the IPO a success.
It's a bit too early to call it a flop but I hope that, if/when this IPO fails, the company will realize the folly of its ways and come back with a less one-sided public offering.