Not investing advice, and technicals aside. When a SaaS company comes out underwritten by JP, Goldman and BoA, it's typically a decent medium term bet. If I decide to take a position in a stock like that, I'd typically take half on IPO, wait for it to drop, take the other half, and hold it 2/3 years long. The institutionals often create enough of a floor that you can make ok money over that timeframe, the problem thereafter is, is this ACTUALLY a growth business, or was it spring loaded? So keeping an eye on it during the time you hold it to judge that is extremely important.
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Not investing advice, and technicals aside. When a SaaS company comes out underwritten by JP, Goldman and BoA, it's typically a decent medium term bet. If I decide to take a position in a stock like that, I'd typically take half on IPO, wait for it to drop, take the other half, and hold it 2/3 years long. The institutionals often create enough of a floor that you can make ok money over that timeframe, the problem thereafter is, is this ACTUALLY a growth business, or was it spring loaded? So keeping an eye on it during the time you hold it to judge that is extremely important.