Because its business is consuming cash, Newsmax had to raise capital from investors. While awaiting its IPO, it launched a private offering to sell up to $225 million of convertible preferred stock.

Newsmax shares plunged Wednesday in the third day of trading for the media company after a wild response to its Monday IPO.

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.

Newsmax (NMAX) stock dropped just over 77% Wednesday, forfeiting a large chunk of its massive post-IPO surge that saw shares soar from $14 to $233. The stock's spiral sent Newsmax's market cap down to ...

Newsmax (NYSE: NMAX) stock has been on a roller-coaster ride since its initial public offering (IPO) on April 1. After ...

As of midday Monday, Newsmax stock was up by 532%, and shares were trading at a whopping $63.20 apiece. The spike has been so intense that trading was halted for volatility five times in the first 30 ...

The rise follows conservative media company Newsmax's Monday public debut, which was the best-performing first day since 2022.

The IPO market has been on fire in 2025, and Newsmax (NYSE: NMAX) was one of the biggest winners. But is this a stock long-term investors should be interested in, or was it all about hype? *Stock ...

After days of nerve-wracking, trade war-induced volatility, markets are showing signs of life. The Dow is currently up about ...

Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.

Newsmax saw its valuation soar to about $8 billion, double that of Trump Media & Technology Company, and about a third of Fox Corp's valuation.

Newsmax Inc. NMAX shares are ripping higher again on Tuesday as the stock continues to gain momentum following its explosive IPO debut. The company raised $75 million in its IPO through the sale ...