Well, it all depends on the ambitions and the roadmap of the project. It seems to me that if the first listing of a company takes place on a small exchange, but they point out and work on listing on a large one, this can give good results. Even now, it is not uncommon for a coin / token to fly up tens of percent after listing on a new large exchange. But at the same time, it must be borne in mind that the chances of screwing up are just as high.