I am talking about buying after the IPO or on the IPO day. Typically if I get allocation on the IPO I will trade it and depending on where it is in valuation when it comes to market I will have upside targets that I will exit pretty quickly within the first month. then set limit orders below to take advantage of the dip that will most likely come. I did that with gopro. I got an allocation made 2X but in that case I never bought in again. I knew a hardware co wouldn't last too long at those valuations with competition on the horizon and the public was just sooo pumped about them. With Rivian's case I would be a buyer because I believe in the product long term.Are you talking about being part of the IPO or buying as soon as market opens for trade on the stock? I try not to sell off any IPO right away but I do set limit orders of 100-150% over the IPO price. 10-20% of the IPOs I buy end up hitting that number in the first 30 minutes of trading and come back down below the IPO price sometime in the next few days. I haven't always bought back in.