'Like all the other red-hot IPOs we've seen this week, you need to let Unity cool down before you even think about touching it,' the 'Mad Money' host said.
The video game software developer closed at $68.35 in its market debut after shares were priced at $52 — above its range of $44 and $48 — in an initial public offering, raising about $1.3 billion. The stock opened on the New York Stock Exchange at $75 and peaked before noon at $76.79.
"Like all the other red-hot IPOs we've seen this week, you need to let Unity cool down before you even think about touching it," said Cramer, who owns a stake in Take-Two as part of his charitable trust. "I'd consider this one enticing around $50 or maybe less."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer urges patience before buying newly public Amwell: 'It's too hot right now''I would be more bullish if you got a pullback down to the mid-to-high teens,' the 'Mad Money' host said.
Read more »
Jim Cramer echoes Fed chair's call for more stimulus: 'I think he's right''When we heard from Fed Chief Jay Powell, he made me feel like we desperately need another stimulus bill from Congress because it's the only way to save these service businesses,' the 'Mad Money' host said.
Read more »
Unity stock surges in IPO debut — ‘This is not a normal company,’ CEO saysThe software IPO market remains hot, with Unity shares opening at $75 in Friday morning trading, up 44% from their IPO price. Unity, which makes software tools used by videogame designers, raised at least $1.3 billion by selling 25 million shares. $U
Read more »
Unity Software, Tesla, Dave & Buster’s: What to Watch When the Stock Market OpensUnity Software and Athira Pharma are among stocks that will make their trading debut Friday, capping a blockbuster week for investors in IPOs. Here's what else you should watch when markets open.
Read more »
Jim Carrey will play Joe Biden on 'Saturday Night Live' this seasonJim Carrey has signed on to play Joe Biden in the upcoming 46th season of nbcsnl - TODAYShow
Read more »
Jim Carrey Is 'SNL''s New Joe BidenAllllllrighty then!
Read more »