Do IPO shares rise once they are listed?

No, not necessarily. According to an FSS analysis, about one-third of the stocks that went public in 2016 closed below their offer price on the listing day, and even more were trading below the offer price 1 month after listing.

Share prices after listing can vary greatly depending on the offer price level, book-building and subscription results, the volume of lock-up commitments and other factors, so be sure to check the investment risks in the prospectus.