Newsmax Stock Stabilizes at $62 Following Volatile IPO Debut

The conservative media company now holds a $6.7 billion valuation, but faces ongoing financial and legal challenges.

Newsmax's IPO on March 31, 2025, saw its stock surge over 700%, peaking at a $30 billion valuation before stabilizing at $62 per share.
The company raised $75 million through its IPO and an additional $225 million in a private Preferred Offering earlier this year.
Newsmax remains unprofitable and faces significant legal risks, including a $1.6 billion lawsuit from Dominion Voting Systems.
The network is the fourth most-watched news channel, leveraging both cable broadcasting and free streaming to grow its conservative audience.
CEO Christopher Ruddy retains control through a dual-class share structure, positioning the company for long-term growth despite market uncertainties.