$PFSE (-0,99%) I also bought in the IPO at 27. The industry and the company were the deciding factors for me. As at 31.12.2024, the order backlog amounted to almost 70% of annual sales in 2024, so I expected another year of growth in 2025.
I only got in with 20 shares because I wanted to wait and see how the share price developed and then buy more if necessary. I had not expected this rapid development. Perhaps the increase is also due to the low free float. It started at 30% and is now below 25%. You can see that funds are now buying in. In addition, a stock is always held back to maintain the share price during an IPO.
I will wait and see how things develop and perhaps buy more if there is a setback.