What is the motivation to buy into the IPO?
Early investors that take a big risk only share 2.5% of total coins. (and even the total coins seems to be undefined)
So say even a mildly successful IPO of say 50 coins would mean you get 500,000 coins of a total 1 Billion, 250,000 if 100 etc.... Ok so if its as successful as say NXT then its an 'ok' investment, not amazing but ok. But coins come and go all the time these days, the coin is only an adaption of an another coin. So I would say there is nothing for the early investor here to get excited about. And indeed you could lose money even if the coin is decent.
IPO's must have a big mark up to early investors otherwise there is zero motivation to invest and not just buy once it hits exchanges. The developers need to rethink the IPO amounts..