With the market shrouded in panic over past few months, Jim Cramer has seen investors ignore many of the recent initial public offerings (IPOs) to hit the tape.
However after spending so long terrified the smoke has finally cleared. Now, Cramer has decided to revisit a few of the IPOs that may have been overlooked.
Pure Storage is a high growth, disruptive technology company that came public on Wednesday. It makes advanced flash memory based data storage arrays that are optimized by some of the most efficient software in the business.
That allows Pure to give its customers access to their data 10 times faster than competing storage companies. It also costs less money.
"This is the kind of high growth technology stock with a money-saving new technology that the market would have salivated over only a few months ago," the "Mad Money" host said.
Unfortunately for Pure Storage, the market environment is now one where investors seem to shun pure growth stocks and prefer cyclical plays like the retailers, industrials and old-tech stocks. This was why when it IPO'd at $17 on Wednesday; it dropped nearly 6 percent in a single session.