[Gogar]

If you're trying to buy on the first day (which I wouldn't),

I think you should just place your limit order for your comfort only as a 'safety' if the hype pushes the price up way too far for when it comes online.

If the market price is below your limit it will just get filled at the market price somewhere below your limit order, and you're off. If it's too expensive and your order doesn't get filled, then relax and be happy you still have all your money!


If it's a name-recognition IPO I certainly wouldn't buy on the first day. I would wait at least a few weeks until it (more often than not) finds a bottom and then (hopefully) get in the boat at that point.

A good example of that would be SHAK or BABA, both of which are huge name recognition IPOs that lost value for a few weeks before they finally settled in and made some good gains.