An initial coin offering is similar in concept to an initial public offering (IPO), both a process in which companies raise capital, while an ICO is an investment that gives the investor a cryptocoin, more commonly known as a coin or a token in return for investment, which is quite different to the issuance of securities as is the case in an IPO investment. Do you invest in ICO? and has you make money from it?
I am only a bounty participant. I have not been interested in joining and buying tokens from the ICO project. I think it's very risky to buy tokens from the ICO project if the buyer doesn't understand how the ICO project works.