The insiders don't need it to go up from the IPO price. It can fall quite a bit, and they still win. Your ETF will likely be catching a falling knife. All the funds that track the Nasdaq 100 will prop up the price so it doesn't completely collapse.
This stock is a terrible deal for investors, whether as part of an ETF or as a buyer in the public offering. It's possible people will fall for it... they're still falling for TSLA despite everything.
How would the knife be falling before any insiders can sell one share? You're assuming outsiders are going to pump and dump before you can sell anything yourself?
The insiders don't need it to go up from the IPO price. It can fall quite a bit, and they still win. Your ETF will likely be catching a falling knife. All the funds that track the Nasdaq 100 will prop up the price so it doesn't completely collapse.
This stock is a terrible deal for investors, whether as part of an ETF or as a buyer in the public offering. It's possible people will fall for it... they're still falling for TSLA despite everything.
Regardless, I want nothing to do with it.