Newsmax Media successfully completed its initial public offering (IPO) on March 29, 2025, raising $75 million by selling 7.5 million shares at $10 each. The company’s stock began trading on the New York Stock Exchange (NYSE) under the ticker symbol “NMAX” on March 31, 2025, surging nearly 600%% to ~$70 per share.
Newsmax, a conservative cable news and online media company founded in 1998 by Christopher Ruddy, operates the fourth-highest-rated cable news channel in the U.S. The company reaches over 40 million Americans monthly through various platforms, making it a significant player in the conservative media space.
Despite reporting a net loss of $56 million in the first half of 2024, Newsmax generated $80 million in revenue and an adjusted EBITDA of $5 million. The IPO was completed under Regulation A+, a scaled-down version of the traditional IPO process, with Digital Offering LLC acting as the lead selling agent.
The successful debut reflects strong investor confidence in the company’s future growth potential as it continues to expand its audience and digital presence.
Be First to Comment