How do crypto exchanges affect IPO prices?
Could you elaborate on how cryptocurrency exchanges influence the pricing of Initial Public Offerings (IPOs)? Do they have a direct impact on the valuation of these offerings, or is it more of an indirect effect? What are some of the key factors that exchanges consider when determining the listing price of a new cryptocurrency? Additionally, how do market conditions and investor sentiment play a role in shaping IPO prices in the crypto space? Is there a correlation between the liquidity and volume on an exchange and the pricing of IPOs? Your insights on these matters would be greatly appreciated.