Financial losses and legal issues make Newsmax a risky investment.

The announcement that billionaire Patrick Soon-Shiong plans to take the Los Angeles Times public was met with a mix of panic ...

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.

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.

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 ...

Still, the TMT IPO market, even after factoring in Newsmax’s soaring debut on the final day of the quarter, was down 6% compared to first quarter of 2024.

In 2024, Newsmax grew total revenue nearly 27%, but its net loss grew by 71% to over $72 million. The stock trades at a market cap of roughly $15.6 billion, which is why I would stay far away from ...

Newsmax was looking to raise $75 million by selling 7.5 million Class B shares, Seeking Alpha reported; investors had to buy at least $500 worth of shares to meet its minimum requirement.

Newsmax TV chief Christopher Ruddy predicted that his network will overtake Fox News, and said an initial public offering is possible: "Fox News primetime is more right-wing than anything on Newsmax ...

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. Last summer ...