IPO Ratings

• 1 - Avoid possibly risky
  
  
• 2 - Neutral
  
  
• 3 - Moderate Buy
        ½  to 1 point or more premium likely
  
  
• 4 - Strong Buy
        1 to 2 points or more premium likely
  
  
• 5 - Strongest Buy
        3 points or much more premium likely
  
  Notes:
  
        5 is rarely given unless the IPO or secondary is massively oversubscribed.
  
        The above ratings apply to an IPO's performance within its opening week.