Newsmax Starts Trading on NYSE with $75 Million IPO

Published 25 days agoNWS

Newsmax Starts Trading on NYSE with $75 Million IPO

Newsmax has successfully launched its initial public offering, generating $75 million by releasing 7.5 million shares of Class B Common Stock at $10 each. The shares began trading on the New York Stock Exchange under the ticker 'NMAX' on March 31, 2025, marking a significant public market entry for the conservative media company.

Prior to the public offering, Newsmax secured $225 million through a private Preferred Offering in February 2025. According to Insider Monkey, this pre-IPO fundraising highlights the substantial investor interest in the company, which has established a strong foothold in the media landscape as the fourth highest-rated cable news channel in the U.S.

The funds raised from the IPO are earmarked for growth initiatives, including expanding programming and enhancing Newsmax's digital presence. Founded in 1998, Newsmax continues to reach over 40 million Americans through its TV, streaming, and digital media offerings. The company's strategies suggest a focused effort on broadening its reach and influence in the competitive media industry.

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