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this post was submitted on 20 Mar 2024
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I like dabbling in IPOs (read: gambling). IPOs are almost always a bad call for regular investors. The value almost never goes up immediately after sale unless the company somehow all of a sudden has demand from a ton of investors of all sizes. And a company that can't turn a profit isn't likely to be that.
So, if you do want to buy in because you see them doing good in the long run, maybe wait a month for the price to settle, then get in.