Last five IPOs from Bells have bombed and have been catastrophic...

Last five IPOs from Bells have bombed and have been catastrophic even though there was heavy demand and scaling report. Tula is 40% down on day 1. DDH, FLX, GEN trading below 20% of IPO price even after recovery.
I wonder quality of IPOs coming via Bells and loosing confidence in the IPOs they are bringing. Time to rethink strategy with Bells. I will be very selecting with Bells going forward and will not trust report when they say there is heavy scaling. No one will ever know what is real story behind scaling or oversubscribed or undersubscribed.