Much of the present IPO crop is setting themselves up for a fall. They're asking far too much money for something that starts off as vapour.
NEM, Node and plenty of other examples showed how it should be done. Ground up is a healthier way to roll.
I don't see NODE as a success. It's floundering pretty low down the Coinmarketcap list for a second generation coin.
I wonder if NEM will also be a dumpfest.
But folks didn't have to lay out significant amounts of money to get in on the ground floor. It was free for the very earliest.
That surely does set things up for a short term dumpfest but I think they'll both have legs.
The Node IPO actually slipped past me, but nobody could really miss the NEM IPO. I am pretty excited about it because I think it is the first time every in crypto that something like this is being tried. I honestly don't know if it will be a dump or buy. Of course some of both will be happening. It is a very exciting time.