Is buying IPO a good idea?

Good day, fellow investors! I'm curious about your thoughts on investing in an IPO. It's no secret that IPOs can be quite lucrative, offering early investors the chance to own a piece of a company that's just starting out. But is it really a good idea to buy in? What are the potential risks and rewards involved? Do you have any personal experiences or strategies you can share? I'd love to hear your thoughts and insights on this topic.