Well, it's more of a personal thing. the only difference is that you do not need to pay brokage fees when buying an IPO. on the other hand, you would be required to pay brokage charges if you are buying from the secondary market.
For convinience, it's more advisable to buy from the secondary market, because the time it takes to get the certificate is very crucial. a stock can rise or fall during the period you are waiting for your certificate and as such you are at a higher risk of losing money both ways.
in other words, if the prices rises and it;s advisable to sell, you would not be able to do so due to the absence of the certificate and as such, you loose money. Also if the price of the stock drops during the waiting period, you would also not be able to sell and as such you loose money.
The other advantage with IPO's is that they are usually at discounted prices but that is not enough reason compared with what you have to gain or loose.
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