Wanted to add that Morgan Stanley also had to step in and buy shares to support the price so it doesn’t drop BELOW $38 so if they didn’t do that (it’s legal btw), the offering may have done a bit worst.
Maybe being over 30 makes me bias, but if you want in and I can see why people might, it doesn’t hurt to get in slowly or dollar cost average or wait till the hype dies down a little.