James Bashaw says Investors will be able to sell this alternative currency once it is exchangeable, hopefully at a profit. Accordingly, an ICO is quite similar to an IPO (see section 12 below), except that cryptocurrency is used in place of shares that can be exchanged for "normal cash" in an ICO.

https://issuu.com/jamesbashaw1/docs/james_bashaw_initial_coin_offering
https://www.instapaper.com/read/1598544348

James Bashaw | Initial Coin Offering

James Bashaw is a well-known financial expert who offers assistance to those in need. He has too much talent to start a business. He offers details on finances and their advantages. He has 15 years of experience in this field.