Overview

• Newsmax shares surged over 700% on their first trading day, closing at $82.25 and giving the company a valuation exceeding $10 billion.
• The stock continued its upward trajectory on April 1, 2025, trading above $130 per share and pushing Newsmax's market valuation close to $12 billion.
• CEO Christopher Ruddy became a billionaire overnight, with his stake in the company now valued at approximately $3.3 billion.
• The IPO marks a rare pure-play TV network public offering, with retail investor enthusiasm driving extreme trading volatility and multiple trading halts.
• Despite its IPO success, Newsmax remains financially unprofitable, reporting a $72 million net loss in 2024, and faces ongoing legal challenges, including a pending $1.6 billion lawsuit from Dominion Voting Systems.