If you take a look at the results of ICO´s which are breaking new highs from one to another.
Bancor collecting 156 mio $ in just 3 hours. What happened after they were allowed to be traded on exchanges?
Those who had pre coins, probably sold in the first seconds.
Numeraire did no ICO, they decided to enter the markets straight!
Again, those who had pre coins, probably sold in the first seconds.
Is it worth to invest in ICOs?
I am not experienced in this area, but it does not matter how much you pay for the tokens, when the price first decreases up to 95%, so why not buying on the first or second day after the ICO ;)