On Wednesday, Cramer updated investors on three hot IPOs of companies he talked about earlier in the week.
First, on Monday he told viewers to try to get in on MaxLinear, a semiconductor company that’s a play on delivering faster video over the Web, including video to your cell phone. The Mad Money host said investors could buy as much as they wanted of MXL at $13, and to cut their position in half at $15. MaxLinear ended up pricing at $14, then opened at $17.95, just below the high end of of range, before closing at $18.70. So, if you got stock in the deal, Cramer said, ring the register on some of it. And if you don't, "This one now is too hot to chase."
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Same goes for Calix Networks, the broadband access company that came public today at $13. CALX then opened up 31 percent at $17 before coming back down to close at $15.10. While Cramer thinks CALX could go as high as $18, he recommends investors wait for more of a pullback before buying it in the aftermarket.
Lastly, the IPO that Cramer said would be safe to buy in the aftermarket is First InterstateBancSystem. It priced at $14.50 before coming public at $15.98. The Mad Money host reiterated that he thought this one was safe to buy at $16 or less, where it trades at one times its book value. And given that it closed at $15.70, he thinks First Interstate is still attractive.