I wish you would comment. Contributors in the sub aren’t following the rules very well. I contributed pretty often, however I’ve slacked off since the beginning of October. The Israel/Palestine conflict has really taken over my feed (as well as some Trek and Star Wars memes). Yet with the Middle East news it’s been difficult posting for some reason. My activity has been diminished severely.
IPOs are typically a cash grab. Stock is offered for purchase at a price, and usually there’s a bump in price. The first investors will sell for a profit at peak price, and then it will drop to whatever value the market decides. And that could be higher or lower than the initial price per share.