Personally I'd never buy into an ipo flag. Once it drops several people will start selling and the price will almost always be cheaper than the ipo price.
I was under the impression he never actually removed it, he just planned on doing it
The thing kumala failed to implement correctly and still hasent fixed was removing the IPO flag for companys that first had the IPO flag on, then had taken it away but then later(but before the announcement) had put a IPO flag back up again. All those stocks that had been traded openly on the market before the announcement should have had the IPOflag removed many months ago.