So, should investors be concerned about the company's Chinese exposure, or is the stock just trading at a bargain here? To find out, Cramer spoke with IMAX CEO Rich Gelfond.  The CEO commented on the rapid transformation his business has taken over the years, explaining that it is more of an ecosystem than it is just a way to watch movies. Years ago, the company had to beg studios and filmmakers to release their films on IMAX.  Since that time they have increased the box office, brought in incremental audiences and brought in more publicity surrounding some of the biggest blockbuster movies. For instance, it recently turned the Vienna Oprah House into an IMAX theater for the world premiere of "Mission Impossible 5."  However, Cramer feared that all of the positivity may not be translating into the stock performance, noting that it trades almost one-for-one with the Shanghai stock exchange.  Gelfond pointed out that the IPO for IMAX is on the Hong Kong stock exchange, not the Shanghai stock exchange. The highs of Hong Kong have not been as high as Shanghai, nor have the lows. Thus, it is not a proper comparison.  ---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: If China falls, buy this stock Cramer game plan: Prep for sharp sell off in week ahead Cramer: Best stocks to pick as the Fed tightens ----------------------------------------------------------  "I think people are distracted. I think China is an opportunity much more so than it is a risk," Gelfond said. (Tweet This)  Gelfond explained that IMAX began rolling out its business in China about 15 years ago. At that time, some of his largest shareholders from hedge funds advised him that China would make the company less valuable.  However, Gelfond pursued the Chinese market anyway and in his perspective it has helped its positioning and stock price over the year.  "I think we are just caught in a short-term trading pattern, and, over time, I think the underlying value is there one way or the other," the CEO added.
Jim Cramer speaks to the CEO of IMAX on its new IPO in China, and how that will impact its business.