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Is buying shares in the pre-ipo phase and then selling on IPO day (Obviously making sure that that shares are released on the day or

Is buying shares in the pre-ipo phase and then selling on IPO day (Obviously making sure that that shares are released on the day or prior) a good way to see profits. It seems the average company increase in price 70% of the time (on ipo day) with an average gain of 26% compared to pre-ipo pricing compared to the price after day 1 close. What do you think? Pls explain in details

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