Jim Cramer reacts to Unity stock market debut: 'Patience is a virtue'

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."

TheMightyVigil Luke 10:19 I have given you authority to trample on snakes and scorpions and to overcome all the power of the enemy; nothing will harm you.

Imagine taking Jim Cramer seriously.

TheMightyVigil

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