Newsmax Completes Successful IPO, Plans Future Growth

BOCA RATON, Fla. – Newsmax Inc. has successfully completed its initial public offering (IPO) under Regulation A+, raising $75 million through the sale of 7.5 million shares of Class B common stock at $10.00 per share. The company’s stock is set to begin trading on the New York Stock Exchange under the ticker symbol ‘NMAX’ on March 31, 2025.

Prior to this public offering, Newsmax conducted a private preferred offering in February 2025, which generated $225 million. “Today marks a historic milestone for Newsmax as we transition to a publicly traded company,” said Christopher Ruddy, CEO of Newsmax Inc., in a statement. He emphasized the importance of the funds raised for the company’s growth initiatives, expansion of programming, and enhancement of their digital presence.

Founded in 1998, Newsmax began as a digital media brand and entered the cable news market in 2014. Over the years, it has become the fourth highest-rated cable news channel in the U.S., trailing only CNN. According to the Reuters Institute, Newsmax is recognized as one of the top 12 news brands in the country.

The IPO was led by Digital Offering LLC, a firm specializing in crowd-financed public offerings. The success of the IPO indicates strong investor confidence in Newsmax’s future direction and business model. In the statement, Ruddy expressed gratitude for the support from investors, emphasizing the anticipated journey ahead.

Newsmax Inc. primarily operates through its subsidiary, Newsmax Media, Inc., which oversees the Newsmax Broadcasting LLC division. The company is considered a news powerhouse and is well-regarded across various media platforms, reaching over 40 million Americans regularly through channels, streaming services, and publications.

Forbes has called Newsmax “a news powerhouse,” while the New York Times noted its significant role within the U.S. news landscape. The company’s mission is to provide Americans with balanced news coverage, diverse viewpoints, and open debates on matters affecting their lives.

Newsmax, based in Boca Raton, Florida, also maintains offices in Washington, D.C., and New York City. As the company prepares for its debut on the New York Stock Exchange, analysts view it as a firm capable of capitalizing on its growing audience and expanding its reach in the news media sector.