x17 doesn't use much ram so he want to had something on top (hence my reference to shinycoin).
But as you said that's a lot of trouble for 2 weeks of mining.
So for me it shows he has nothing else than what he wrote on the OP (and the logo).

That's explain also why no webpage or anything else.
It means the coin exist only in his mind at the moment.

I think before asking for an IPO, he should at least had himself invested a bit of its time (and its money... website and so on) so he can show that he believes in what he wrote and that there is a chance it will go somewhere...