Cerebras (CBRS) IPO Strategy: IBKR user looking for the best entry point on May 14th?

Hey everyone, I’m planning on buying Cerebras (CBRS) when it IPOs this Thursday (May 14th). I’m a retail investor using Interactive Brokers (IBKR).

Given that the IPO is reportedly 20x oversubscribed and the price range was just bumped to $125–$135, I know I won’t get the institutional price. I’m trying to figure out the best execution strategy to avoid getting "bagged" by the Day 1 hype.

My current thoughts:

1. **Wait for the afternoon dip:** I've heard most IPOs peak at the 11 AM public open and cool off around 2 PM ET once the initial flippers exit.
2. **The "Day 2" Strategy:** Is it statistically better to just wait for Friday morning to see if there’s a sell-off after the first-day excitement?
3. **Limit Orders:** Since I'm on IBKR, I plan on avoiding market orders to stay safe from the spread.

For those who have traded hyped AI IPOs recently (like ARM or others), what was your best entry point? Did you buy the opening candle, or wait a few days for the volatility to settle?