IPO is going to have a lot more risk to it than anything else.
I doubt Loyal3 is getting share allotments at the IPO price - they'll execute the trade later in the day after a lot of movement has taken place.
Most IPOs have a tendency to "pop" the first day - the initial IPO price is priced fairly but the share prices rise because of demand on people wanting to get in no matter what cost.
You're going to have a tendency to buy high. And this is where Loyal3 not having limit orders hurts.
A recent example is ANET - the shares were sold at an IPO price of $43 a share to insiders with granted allotments. It opened trading at $55 a share and currently trades at $60.
Most of the time the fundamentals don't support that post IPO valuation. If the company and the underwriters thought it could fundamentally be offered at $60/share then they would have priced it there. More money for the company and more money for the underwriters.