Newsmax shares surged over 700% on their first trading day, closing at $82.25 and valuing the company at approximately $8 billion.
The successful IPO underscores the enduring demand for traditional television networks, even amidst the rise of digital platforms.
In an age of digital platforms, don’t underestimate the enduring power of television as a potent medium for news dissemination and advertising—just ask Newsmax’s elated shareholders.
Share price at max velocity: The conservative cable news network made a remarkable entrance into the public markets on March 31, 2025, with its shares skyrocketing over 700% on their first day of trading. Initially priced at $10 per share, the stock surged to an intraday high of over $83 before closing at $82.25, elevating the company’s market valuation to approximately $8 billion.
Enduring power of television audiences: Despite the proliferation of digital platforms, Newsmax’s successful IPO highlights the sustained demand for traditional television networks, particularly those with a distinct editorial stance.​ In the first six months of 2024, Newsmax reported nearly $80 million in total revenue, with over 60% derived from advertising, surpassing its total sales of $135 million for all of 2023.
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