Jim Cramer: Expect More Tech IPOs

Twilio's (TWLO) - Get Report success will provide a shot in the arm to the struggling IPO market, says TheStreet's (TST) - Get Report Jim Cramer. Twilio shares, now trading above $40, priced at $15 each in June, raising $150 million by selling 10 million shares. Six Wall Street firm's launched coverage of the tech company Monday, and all but one has a neutral, or equivalent, rating on the stock primarily due to its valuation. Cramer also said he took a little profit off of his Facebook (FB) - Get Report position because it was successful and had simply 'gotten too big.'