Would it be advisable to invest in IPOs?

The answers around here are pretty interesting. Was looking through Hai Di Lao's share prices since they IPO recently, and noticed that although the share prices dipped since they IPO, it is actually at a new high now. Their PE ratio was actually considered too high at 76 when they IPO, but now it is higher at 85. Thoughts?

IPO strategy is different from normal investing. Mainly, you go punting when it comes to IPO, i.e. You ballot for the shares and inmediately sell it off for profit. There are, however, some shares where you would keep, e.g. The co is a reputable one, such as OCBC or Berkshire Hathaway.

I wouldn’t depend on IPOs to invest in the long term. This is because you require two things which are out of control, which is the allocation and opening share price.

Please go to this link to see a further explanation on IPOs.

https://singapore-ipos.blogspot.com/p/investmen...