My views on $SPCX going public, and I welcome discussion if you disagree:

1️⃣ The timing of the listing is chosen by the company, VCs, and investment banks, usually during the hottest sentiment and highest valuation window for quick cash-out.
2️⃣ Pricing is aimed at maximizing the seller’s benefit; retail investors tend to chase high on IPO day, which could lead to a long hold, and the high drawdown rates in the table below are evidence.
3️⃣ Instead of buying during the listing, it’s better to wait until the stock price has experienced a 50-90% retracement and formed a bottom pattern before entering. The truly big winners in the table ( $PLTR +153%, $ARM +132%, $DDOG +128%, $MDB +103%, $NET +90%) almost all first fell sharply, bottomed out, and then started to rise.
Image source: Beting Beta