Anyone with a solid understanding of investment fundamentals can distinguish an IPO which will flop versus one which will stay at or above market price on the f

Anyone with a solid understanding of investment fundamentals can distinguish an IPO which will flop versus one which will stay at or above market price on the first day. The SEC filings from every company before their IPO contains more than enough data to evaluate their standings as a business, and are publicly viewable. There's a reason people know things, it's not all magic.