In a development that will delight conservative audiences, Newsmax has made a remarkable entrance onto the New York Stock Exchange (NYSE), challenging the leftist dominance in mainstream media.
See the tweet below!
Trading under the ticker “NMAX,” Newsmax’s bold expansion seeks to reshape the landscape of cable news.
Newsmax shares debuted at $10.00 in the public sphere, swiftly climbing to open at $14 per share.
This initial spike marked a 66% increase, reflecting a significant appetite for alternative media amidst a populace starved for diverse perspectives. Shortly thereafter, shares skyrocketed over 700% to $83.51, leading to trading halts caused by the sheer volatility and excitability of the market.
This immense surge pushed Newsmax’s market valuation to an impressive $8 billion, emphasizing the network’s striking potential.
Prior to this public offering, the company had already secured $225 million through a private preferred offering.
Digital Offering LLC spearheaded the IPO, underscoring confidence in Newsmax’s readiness to thrive and innovate.
“I think there was a demand for more competition against Fox,” declared Christopher Ruddy, the company founder and CEO, cited by CNBC.
Ruddy ensured Newsmax continues to serve as a conservative beacon with an independent news mission.
As the fourth-ranked cable news channel in the U.S., Newsmax is already gaining momentum with its alternative, robust news approach.
Additionally, Ruddy highlighted the network’s diverse range of newsmakers, including President Trump, which contributes significantly to its unique appeal.
“We believe we’re conservative with an independent news mission, and ask tough questions of the Trump administration,” he said.
Many Americans who align with traditional values find Newsmax’s groundwork for truthful and unbiased reporting refreshing in contrast to legacy outlets.
As Newsmax transitions from solely relying on advertising revenue to negotiating licensing fees with cable providers, it reaffirms its commitment to providing unwavering conservative content.
The network is home to influential personalities like Greta van Susteren, Greg Kelly, and Rob Schmitt, which strengthens its credibility and reach.
With an eye on expanding its foothold, the IPO reflects Newsmax’s dedication to strengthening its platform and challenging the likes of Fox News and CNN in an ever-evolving news market.
Newsmax (NMAX) ⬆️ 735% for IPO listing March 31, 2025.
IPO price $10. Open $14.
Close $83.51 @NEWSMAX @NYSE pic.twitter.com/jz27d9tntU— Nicole Petallides (@NPetallides) April 1, 2025
