# Cramer Warns IPO Wave Could Threaten Rally After Companies Raise $148 Billion

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/41771
Published: 2026-10-27T13:48:52.000Z
Updated: 2026-10-27T13:48:52.000Z
Section: Investing

> Companies have raised $148 billion through public offerings this year. Anthropic filed an IPO prospectus Monday, while Cramer warned about possible fundraising by Anthropic and OpenAI.

Mad Money host Jim Cramer warned Monday that new share sales could pull cash from listed stocks and put the U.S. market rally at risk. Companies have raised $148 billion through public offerings this year, and Cramer said investor demand may struggle to absorb more shares.

Anthropic, the company behind Claude, filed an IPO prospectus Monday, moving closer to a public debut. Investors have also been waiting for possible offerings by Anthropic and OpenAI, whose fundraising needs Cramer said could be substantial. He sees those potential listings as part of a broader wave of capital raising that could leave new shares competing with existing stocks for investor demand.

His examples also include established companies beyond AI. Cramer pointed to Meta, Alphabet, SpaceX and Oracle as firms tapping capital markets. He said money absorbed by those fundraising efforts could otherwise go into the S&P 500 or other listed shares. In his view, the concern is where investors direct their funds across markets, not only how many AI companies may go public.

Cramer did not frame the risk as evidence that AI companies cannot make money. He described many leading technology firms as established businesses with real demand for their products, unlike speculative internet startups that collapsed in 2000. “This time around the companies are real,” Cramer said.

The historical parallel he drew was the amount of capital being raised. During the dot-com boom, stock offerings eventually exceeded investors’ capacity to buy, contributing to the market’s collapse. Cramer fears another large wave could absorb money that might otherwise support the broader stock advance, even if the companies raising funds have viable businesses.

That drain could also leave companies with less money to finance their plans before investors see a payoff, Cramer said. He summarized his concern this way: “I think both the debt and the equity markets are running out of money.”

Cramer said he was not calling a market top. He also said politics and higher interest rates can weaken a bull market, leaving a large wave of offerings as another potential strain.