Stay away from this company poised to go public next week, Jim Cramer warns

Key Facts

CNBC’s Jim Cramer on Friday told investors to stay away from Ivanhoe Electric, a mining technology company that is expected to sell its shares in an initial public offering next week.
Cramer said that the company’s choice to go public in a market that continues to be roiled by inflation, the Russia Ukraine war and Covid lockdowns in China should be a red flag for investors.
He added that the biggest red flag from Ivanhoe is a line in its prospectus, where the company said “there is material uncertainty that casts substantial doubt about our ability to continue as a going concern.”
But in this market, do you really want to take a chance on a company that might not even exist in a year or two?” Cramer said.