Not saying I am gonna try to outbid you, I tend to take a riskier approach to trading and hold for a pump rather than dump cheaply for a few slivers of BTC.  But I am not the only one mining.  Honestly, if you are legit and this coin is legit, and the IPO was to be used for development, you are probably better off keeping those 1 million coins and calling it a premine.  Pay out coins for bounties and sell some on the market as needed.  There are too many coins mined right now, someone is gonna outbid your IPO price.  At this point the free market decides the price of the coin.