Cramer's Mad Dash: Nike

Group 1: IPO Insights - A significant IPO is taking place with a market value estimated at $15 billion at opening [1] - The underwriters aimed for a lower initial pricing to create a larger pop, contrasting with the company's desire for a higher valuation [2] Group 2: Nike's Market Position - There is a positive shift in sentiment towards Nike, with suggestions that it is time to buy the stock due to improved inventory levels [3] - The partnership with Foot Locker is viewed favorably, indicating potential for growth [3] - Elliot Hill's return to Nike is seen as a revitalizing force, bringing back the brand's traditional values and emotional connection [4][5]