Cramer says the IPO market has been 'hit or miss,' telling investors to stay away from Amer Sports

Even as the IPO market shows signs of heating up, one financial analyst has a cautious outlook. The analyst advised investors to steer clear of Amer Sports, a recent IPO that debuted below expectations. The company, known for well-known sports brands like Wilson and Arc’Teryx, faced challenges due to its large debt burden and poor balance sheet. Although it experienced growth in recent years, much of it was driven by sales in China, which may not be sustainable. The analyst expressed concerns about companies heavily exposed to the struggling Chinese economy and warned underwriters to exercise caution.