Cramer: Tradeweb isn't cheap after its IPO, but it's worth buying slowly

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Jim Cramer breaks down Tradeweb's IPO and explains why the stock could be worth buying.

CNBC's Jim Cramer on Friday said Tradeweb Markets, the electronic trading platform that listed on public markets Thursday, could be worth buying when compared with MarketAxess.

Although shares of Tradeweb are selling for roughly 31-times 2019 earnings estimates, MarketAxess, another electronic trading platform for bonds, is trading for 50-times earnings, he said. Cramer said he likes Tradeweb's business because average daily volumes grew 37% last year and the company is already profitable, which is uncommon for an IPO. January was the company's best month in its more than 20 years of business. It could have topped that performance in February, if it wasn't a short month, he said.

 

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jimcramer is spot on with this call. I think this is one to get in on early. And when the recession comes buy more when it goes on sale.

jimcramer “ice cold” comment on $LYFT pretty much marked the bottom on the stock. Looks like he’s the one who’s cold when it comes to IPOs

Because foment.

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