Generally speaking, IPOs are not for retail investors. Bankers involved in the transaction have an interest in making the IPO price as high as possible, since

Generally speaking, IPOs are not for retail investors. Bankers involved in the transaction have an interest in making the IPO price as high as possible, since every dollar the stock price climbs after the IPO could have gone to them instead. I personally wait until a post-IPO earnings announcement before looking at newly IPO'd companies, but I might be more risk averse than most.