On March 31, Newsmax IPO made an overwhelming entry to the New York Street Exchange (NYSE). The conservative news company’s stock jumped 700% on its first day of trading, March 31. According to FactSet, Newsmax started trading on Monday as it sold 7.5 million shares at the price of $10 each, as mentioned in its initial offering of March 28. The FOX news rival is trading under ticker “NMAX,” with share price gaining more than 720%. The Newsmax stock price closed at $82.25 for each share at the end of trading.
CEO Chris Ruddy told CNBC on Monday that he believed there was space for a Fox News competitor. Since its launch, Newsmax has become the 7th most-watched basic cable network, Ruddy said. He also said, “We’re in 57 million homes, and we’re very competitive with Fox News.”
Newsmax Stock Soars After IPO
The Newsmax IPO has taken Wall Street by storm, with the company’s stock surging an incredible 700% on its debut day, March 31. This massive jump caught the attention of investors and analysts alike, making the Newsmax stock one of the most notable IPO success stories of 2025. The surge in Newsmax stock was fueled by a combination of factors, including its growing influence in the conservative news market and the company’s aggressive expansion plans.
As CEO Chris Ruddy explained, Newsmax is currently in 57 million homes and aims to challenge established media giants like Fox News. Newsmax’s ability to capture a niche market, particularly in the realm of conservative-leaning audiences, seems to have resonated with investors, further boosting its stock price. As of the close of the first trading day, Newsmax had become one of the top 10 cable networks in the United States, and its Wall Street debut has made headlines for all the right reasons.
Newsmax IPO 700% Growth Shakes Up the Market
At its peak, Newsmax’s stock reached $83 per share, a price significantly higher than its initial offering. The surge caused multiple trading halts, reflecting the overwhelming investor interest in the stock. This kind of growth is rarely seen in the stock market, especially for a company that’s just made its debut. Newsmax’s Wall Street debut signals that there’s demand for conservative media content, particularly from younger audiences who prefer alternatives to traditional cable news outlets.
Investors are betting on the company’s ability to capitalize on this niche, which could lead to even more impressive returns in the future. In a media landscape dominated by a few major players, Newsmax’s successful IPO stands as a sign that disruption is very much possible.
What’s Next for Newsmax? The Future of Its Stock and Network
Looking ahead, Newsmax has set its sights on continued expansion. CEO Chris Ruddy has expressed confidence that the company can compete with the likes of Fox News, noting the surge in conservative viewership and the demand for news that aligns with certain political viewpoints. As the company continues to push into new markets and strengthen its position in homes across America, investors are watching closely for what’s next.
