I did try and search for the answer to this question but couldn’t find anything so apologies if it’s been asked and resolved before.
Why can we not get access to new stocks at their IPO? For example FROG - JFrog had their IPO today and it was supposed to debut at around $37-$41. By the time it hits 212 it’s valued at $71 and is slowly coming down.
Obviously when you hear about an IPO you want to try and get in on the early trading that sees stock value rise at the IPO, not buy it at the point the buying has cooled off.
Any advise, knowledge around why this occurs would be helpful, especially from the guys running 212.