IIRC - the 10% IPO means the capitalization at launch will be $160 million. That's a risky investment for people who poured BTC into this. It's easier said than done to hit $1 billion or $10 billion.
You have to factor in the farmers, like miners, who'll be dumping to meet their overhead. I'm pretty certain this IPO was never determined to be a good investment.
why is $1 Billion needed 1~ 200 Mill is fine?
Drop Box is 1 1~2 Mill add on all the rest media fire etc, or at least a percentage of it and you have quite a good proposition.