Ply Gem: This housing play makes exteriors for the homebuilding and home repair markets, and will trade under the symbol PGEM. It is the market leader in vinyl siding, and 50 percent of its sales come from new construction.
"We know that the housing market is on fire right now—the expectation is that we'll build a million new homes in this country for 2013, and it will be much higher in 2014," Cramer said.
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Ply Gem plans to sell 14.8 million shares at a price range of $18 to $20. In the midpoint of the range, the stock would be trading at a premium to the building products group. However, because it is a housing start play, it will likely grow faster than its peers for the next 2-3 years, Cramer said. That's why he can justify paying a premium price. If you can't get in on the IPO or get the stock for $22 or less in the aftermarket, move on.
Cramer's bottom line—"I think it's worth trying to get in on the upcoming ChannelAdvisor and Ply Gem deals, but remember, these IPOs will likely price [Wednesday] night, so if you want in, you'd better do your homework fast and call your broker [Wednesday] morning."
-When this story was published, Cramer's charitable trust owned eBay.
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