With a potential SpaceX offering expected later this year, investor interest in initial public offerings (IPOs) is increasing due to significant investor excitement and potential returns. However, these high-profile IPOs do not guarantee returns due to their high profile profile. Initial IPO shares are often reserved for institutional investors, with the public typically buying after trading begins. Investors should consider company fundamentals more closely than hype and media attention. An IPO is a process of a private company offering shares to the public for the first time on an exchange like the New York Stock Exchange or NASDAQ, and it is a way to raise capital and expand access to investors. The IPO shares typically go to institutional investors first and some only gain exposure once trading begins, often at higher prices. However early trading periods can be volatile, with prices moving sharply in either direction as demand increases and information becomes available.