Don't be surprised by prices that don't match IEO when listing on the Exchange. Not only Spyce, but many other coins experience the same thing. The current state of the crypto market is not supportive.
Beginning in 2019 until now the crypto market is not good and is added again with the Global Pandemic Covid19 Corona disaster which made the market decline.
If you believe in the coin, all you have to do is hold it. If the developer continues to actively develop the project, then one day the price will reach an IEO price or more, depending on the marketing strategy carried out by the developer.
Yeah, the price doesn't match the IEO right when listing, I think this is because of some effects, like the falling market or indeed because Covid-19 continues to haunt all the other global markets so that the decline in this SPYCE token I think is very reasonable if the market has recovered I'm sure SPYCE will move to increase.
I don't invest in IEO but I only promote it through the bounty campaign and after I get the token from the bounty I will hold it because I am sure that the SPYCE token will be more in the future if it is held longer.
The developer is quite active in his marketing strategy.