Just echoing what another comment said: it’s rarely a good idea in the long run to buy an IPO. Not financial advice. It’s one of those things where if you have to ask how to do it, you probably aren’t wealthy enough to be speculating at this level.
Would you buy a gaming console for a high price from a company that’s never shipped a gaming console? Maybe, but you’d wait til it’s been reviewed by someone else on YouTube or something.
Given that almost all IPOs are priced to be intentionally oversubscribed these days (to achieve an "IPO pop"; beats me why that's good for the company doing the IPO), isn't it a mistake to not participate?
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