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 ...

Investors who bought in at the $10 IPO price are reaping a massive potential return. When trading opened on Monday morning, Newsmax shares, trading under the NMAX ticker, rose from $10 to close at ...

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.

And this week, Newsmax NMAX has dominated headlines following its IPO, with shares soaring as a result. However, it's not the only notable IPO we’ve seen recently, as CoreWeave CRWV also debuted ...

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.

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.

Newsmax claims to reach 40 million people through its cable, satellite, and digital channels. According to Nielsen's data from April, Newsmax tied Fox News among 35 to 64-year-old viewers, while 3.7 ...

Shares of Newsmax started trading for $14 per share on Monday morning — above its $10 IPO price — and quickly ran from there. The outlet’s stock was halted six times in the first three hours ...

Newsmax's stock took flight immediately following its IPO, soaring as much as 2,230% by Tuesday. The limited number of shares sold, roughly 7.5 million, contributed to the surge. At that point, it ...

A display shows a Newsmax logo on the day of their IPO on the floor at the New York Stock Exchange. - Seth Wenig/AP Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined ...