No. The insiders don't need it to go up from the IPO price. It can fall quite a bit, and they still win. Your ETF will likely be catching a falling knife. All

No. The insiders don't need it to go up from the IPO price. It can fall quite a bit, and they still win. Your ETF will likely be catching a falling knife. All the funds that track the Nasdaq 100 will prop up the price so it doesn't completely collapse. This stock is a terrible deal for investors, whether as part of an ETF or as a buyer in the public offering. It's possible people will fall for it... they're still falling for TSLA despite everything. Regardless, I want nothing to do with it.