IPOs

The IPOs $Dutch Bros (BROS.US)$, $On Holding (ONON.US)$ have very good returns lately. Many have  increased in stock price by a lot. I believe this is due  to the market hype over these companies and not the actual fundamentals of the company. I do not think we should be chasing after higher price as this is too risky. It is better to wait for the price to match the company fundamentals before we consider entering.