This is now the new trend, every exchange wants to do ieo no matter how shitty the project is. If you are investing in any ieo, consider it a big risk. If it pays off, fine. If it doesn't, we learn.
I think everything we do in life itself is all about risk taking. In investment, one thing should be made clear to the individual investing d that is the fact that he needs to take calculated risks, if not, he will be nothing but s gambler