[shortstuffsushi]

Could you explain what you mean by this? From their launch at 80, they pretty quickly went up to ~90, then dropped back to 83-84, which is up a few percent for the day. What sort of bump do you expect? (Legitimately, I'm not familiar with this sort of thing)

[loeg]

It is relatively common for a stock to "pop" significantly more than that -- like 20+%. 80.00 offering to 85.19 close is only 6%. E.g., https://www.nasdaq.com/articles/trends-in-ipo-pops-2021-03-0... .

One obvious problem with a pop is that it implies your stock was sold too cheaply and you could have raised more money for the same shares. However, your IPO investors love it.

Direct Listings are IPO alternatives that are sometimes purported to solve IPO pops.

[fragmede]

There were some companies during the original dot-com boom that immediately "popped" several hundred percent on opening day. Some of them even managed to stay there until the lockup period for employees was over, making them very rich.