Seeing that @ Vida_BWE shorted SpaceX and most people were on FOMO, I think the biggest misconception many people have about IPOs is: I thought this kind of celebrity company would soar to the sky as soon as it went public. But the real paths of most popular IPOs are similar: Companies that are first pushed to a high point by emotions and FOMO, then undergo financial report testing, valuation killing, and a long period of sideways trading, and finally only those whose fundamentals have been realized, will regain strength. @The ProfInvestor's chart summarizes it very intuitively: 0-3 months: highest heat, retail investors rush in 
 3-8 months: reality test, valuation begins to fall 
 8-20 months: long bottoming out, early pursuers lose patience 
 20-36 months: institutions resume fundraising 
 36 months later: truly excellent companies begin to reassess So I don't think it's urgent to rush in the first place. For global narrative companies like this, the initial valuation is likely not cheap, and the best buying point is often not on the day of the bell ringing, but after the market returns from excitement to reality.