Newsmax, the conservative powerhouse, has made headlines as it has entered the New York Stock Exchange with a bang, sparking a significant surge in stock prices that was halted due to volatility.
See the tweet below!
On March 31, 2025, Newsmax shares began trading on the NYSE under the symbol “NMAX,” a milestone for the conservative media giant.
This marked the channel’s transition into the public trading sphere, offering 7.5 million Class B shares at $10 apiece, bringing in $75 million.
Investor interests catapulted stock prices, starting trading at $14 and peaking at $83.51 before being halted.
The impressive climb over 700% in share value highlights the trust placed in conservative viewpoints, showing that there’s a huge appetite for alternative voices in today’s media.
Newsmax’s valuation soared to approximately $8 billion based on outstanding shares, indicating confidence in its content and direction.
Over 3 million shares were traded due to pent-up demand, despite the potential volatility challenges.
In February 2025, Newsmax secured $225 million through a private preferred offering, giving it a competitive edge.
Digital Offering LLC spearheaded the IPO, showcasing the financial sector’s faith in Newsmax.
Even amid legal challenges such as settling a defamation lawsuit with Smartmatic Corp., Newsmax maintains its momentum and relevance.
CEO Christopher Ruddy underlined the company’s position as a conservative with an independent mission, ready to challenge not just rivals like Fox News, but also engage with the Trump administration.
Newsmax offers a diverse range of platforms, extending its reach with Newsmax channel, Newsmax2, Newsmax App, and Newsmax+.
Despite the media landscape becoming more digital, Newsmax stands strong as the fourth-ranked U.S. cable news channel, following Fox News, MSNBC, and CNN.
In a departure from traditional advertising reliance, the network now negotiates licensing fees with cable TV providers.
FANTASTIC NEWS! @NEWSMAX closes its successful IPO & begins trading on the @NYSE MONDAY! $NMAX
A wonderful network – with wonderful leadership! Congratulations, all! @ChrisRuddyNMX https://t.co/1ipIpyqHeS https://t.co/CqcJuREqi8
— Jennifer Kelly (@AllAmericanJen) March 28, 2025
With top personalities like Greta van Susteren and Greg Kelly, Newsmax attracts a broad audience, including notable names like President Trump and Senator Bernie Sanders.
“We believe we’re conservative with an independent news mission, and ask tough questions of the Trump administration,” Ruddy stated.
Newsmax’s debut on the NYSE signifies more than just financial achievement; it reflects a growing demand for diverse conservative viewpoints in the media marketplace.
As it solidifies its position, the network continues to promise unyielding, independent coverage that aligns with the conservative, patriotic values its audience cherishes.
