Should You Buy This Hot IPO Now?

Many hot initial public offerings (IPOs) over the past few years have jumped immensely on their opening days, and the newly public company Expensify (NASDAQ: EXFY) is no exception. Shares were priced at $27 ahead of its market debut Nov. 10, and it proceeded to surpass $41 -- a 52% jump. 

This expense management software tool has something many IPOs in 2021 and 2020 don't have: profits. Does that mean you should put this company on your watch list? 

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Source Fool.com