When buying an IPO you are speculating on price movement. Sometimes getting in early on an IPO can be a good thing. Sometimes it is not. Depends on the market and demand. Many times institution's who bought the IPO at a much lower price will sell at the open or soon after the open.
Whether it is sound?
Question: Can you afford to lose money? or have the investment decline in value? Do you need the money in the next 5 years? If yes, I would not be in stocks.
Tough call. I'll be watching too.
NYSE Symbol : "V"
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