“Looks like the IPO market is finally recovering from the trauma of the Facebook fiasco,” Jim Cramer said Thursday on CNBC’s “Mad Money.”
At least, that was his takeaway from today’s pop in Five Below — Cramer’s favorite company of the four expected to go public this week. Shares of the kid-oriented dollar store were priced at $17 and opened at more than $26, logging an instant gain of 53 percent. By the close, the stock ended up 63 percent at $10.76 per share.
“After this kind of move, you’d be crazy not to take some profits,” Cramer said. “That’s just basic discipline.”
So far, 2012 has seen a total of 75 IPOs, with roughly half trading above their offer price and half trading below. But while investors wait on a handful of other stocks to go public, here’s a look at the best and worst in class of these newly minted IPOs for 2012. Watch for the video to see the full rundown.
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