Mad Money Host Jim Cramer Raises Three Questions Before Anthropic IPO | TokenPost

Mad Money host Jim Cramer is assessing Anthropic's planned IPO around three issues: price cuts, growth beyond Claude Code and whether AI safety will bolster or limit revenue.

Anthropic, the company behind Claude, plans to price its shares Wednesday, Nov. 18, and begin trading Thursday, Nov. 19. Its updated filing outlined plans to offer 825 million shares for $70 to $78 apiece. At the top of that range, the offering would raise $64.35 billion and put the company's fully diluted value at as much as $1.405 trillion.

Price reductions for several Claude models are one concern. Cramer said revenue growth stayed strong in October after the cuts, but he wants to see whether that pace continues in the coming months. Lower prices may encourage more use, while extra fees for faster processing could offset some of the reductions.

Claude Code, Anthropic's AI coding agent, has driven much of its growth and attracted enterprise customers. Cramer questioned whether the product alone could sustain the expansion needed to cover roughly $900 billion in future computing commitments. Anthropic has also introduced Claude Cowork, tools for specific industries and products designed to compete with Microsoft Office. Cramer named cybersecurity, life sciences and robotics as other possible growth areas.

Cramer also questioned whether the company's focus on AI safety could limit revenue growth if it slows the release of advanced models. He said the approach could also help Anthropic as businesses become more cautious about adopting autonomous AI systems.

He has not committed to recommending Anthropic shares when trading begins. "For now, I'll just tell you that I'm wary of doing so," he said, adding that he is still evaluating the offering and its potential risks.