Well, it was an opportunity which freely showed up and being quick in thinking, they hurriedly took advantage of it, the truth from what I know is that the student coin team were not really prepared for the kind of popularity they got, Infact, they had no clue that their ICO was going to be this big, they never knew people would be this interested in their project, but when they saw the huge interest, they knew 24 million which was their initial hardcap was nothing compared to what they could raise if they continued the ICO, and luckily, they ended up raising 3 times more money than was planned, and as we all know, more money for the project,? The higher chance for it to do very well in the nearer future.