Newsmax (NYSE: NMAX) stock is posting big gains in Monday's trading. Newsmax is rocketing higher today following the ...

Given Newsmax’s small size, weak TV ratings and history of unprofitability – it lost $72 million in 2024 – some industry onlookers were skeptical the IPO plan would work.

The Newsmax IPO was one for the record books. Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as $265.

Newly public tech and crypto companies are big beneficiaries of renewed investor interest in the U.S. IPO sector.

With $75 million in gross proceeds from the IPO and $225 million raised from a prior private placement of preferred stock to accredited investors, Newsmax leadership has outlined plans to fuel growth.

Newsmax is promoting the IPO aggressively. On Saturday, Newsmax host Lidia Curanaj abruptly ended an interview with former U.S. Ambassador to Germany Ric Grenell in order to plug the public offering.

Given Newsmax’s small size, weak TV ratings and history of unprofitability – it lost $72 million in 2024 – some industry onlookers were skeptical the IPO plan would work.

Given Newsmax’s small size, weak TV ratings and history of unprofitability – it lost $72 million in 2024 – some industry onlookers were skeptical the IPO plan would work.

The Newsmax IPO was one for the record books. Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as $265.

Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are ...