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Cramer calls Arm IPO a ‘goldilocks outcome,' says it's a good sign for the IPO market

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CNBC’s Jim Cramer said Arm Holding’s Thursday initial public offering went well, praising the company’s royalty-based business plan.

"Listen, I wish that Arm's stock had stayed in the low-to-mid fifties — it would be so easy for me to tell you to buy it — but even at $63, alright, I'm willing to justify putting on a small position here," he said.

"Either Arm continues to climb higher, in which case you've got a nice little winner, or it falls back down, at which point you can buy more on weakness at the price we'd prefer."at no cost to help you build long-term wealth and invest smarter.Disclaimer

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