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 did invest in some ICO and I have gain profit from them. I also participated on their bounty and sell when the price increase. Lucky, I have not invested in ICO this year so at least I avoided losses since many ICO launched this year failed to fulfill their obligation stated on their roadmap and goes down in price.