Only rubbish is released to the exchange

The placement price includes a commission for the placement itself, and then everything depends on marketers and salespeople. Numbers mean nothing these days. Ultimately, the declared goal of any publicly traded company is to obtain credit money bypassing banks, which is highly questionable with current US rates. Therefore, hype is now important and only))) and, in the end, everything has its price, what is expensive for one, cheap for another, so the question in the post is at least incorrect.