Hi there,
Buying IPOs is really hit or miss - my preference is to wait for the markets to settle and for the company to have a few quarters under their belt. It gives me time to get comfortable with management styles, how they communicate and know if they are executing on their strategy. There a however, some cases where the price of the IPO is at such a discount it is tough to ignore. Many IPOs also have hot starts and fizzle. It really depends on one's risk tolerance.
Also of note, many folks avoid the TSX Venture or Canadian Securities Exchange (CSE) as it is 'too' risky for their tastes and they will wait until the company graduates to the TSX Index. These exchanges are littered with micro caps, small caps and those just starting out. Personally, just I don't believe just because on trades on the TSX vs one of these smaller exchanges means the company is a better stock. In fact, there are many 'dogs' on the main Index.
If you have a look at our IPO section, you will see some of the recent listings and their performance to date. Although some are doing quite well, the last five aren't doing so great. Once again, it boils down to risk and your confidence in the markets in which they operate.
Trust that makes sense,
Mat