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Is This Hot IPO Worth Buying?

TheMotleyFool

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There have been over 885 companies that have come public via initial public offering (IPO) in 2021 as of this writing, which can be hard to sift through. In the middle of the craze, it can be difficult to find the stocks that shine through as more than short-term picks.

GitLab (NASDAQ: GTLB), however, stands out. On its first day of trading, shares of GitLab jumped 35% from its $77 share price to $104.

Was this justified? Does GitLab deserve a spot in your portfolio? Here's everything you need to know about GitLab and whether it's deserving of your money today.

Source Fool.com

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