After listing the stock should consolidate for at least 6-8 weeks adn then break out into new high groud on good volumes
If this also contain pattern like CWH or VCP the it will be cherry on the top
there might be multiple IPO bases on single stock
If the first IPO base fails and second base breakout then we buy second base
Formation
after stock lists at premium or at a discount, on most occasions, people who bought it for listing gains will sell. this might happen a few weeks after listing or immediately on listing
After that stock might either fall or go into range. you don't need to buy this stock during this time. But once it breaksout with good volumes, changes are higher of it becoming a quick multi-bagger or give very good gains in a short time
When to Enter
when stock breakouts and make new high with good volume
Try to buy IPO base with strong patterns like cwh or vcp
stock with futuristic business model tend to do very well on IPO base breakout