Newsmax made its stock market debut by going public and raising $75 million through the sale of 7.5 million shares. The stock price soared by 722% on its first day of trading, giving Newsmax a market value of approximately $8 billion. This valuation now surpasses that of Trump Media and is one-third of Fox Corp's value. Newsmax experienced significant volatility in its stock price on its debut day, with shares opening at $14 and reaching a high of $82.25. The conservative media company has seen a surge in investor interest, reflecting the growing popularity of conservative news outlets like Newsmax following Donald Trump's election win in 2016. Despite being overshadowed by Fox News, Newsmax has steadily gained viewership, particularly after the 2020 election. The network has been vocal in supporting Trump and was involved in broadcasting election conspiracy theories related to Smartmatic voting machines. Last year, Newsmax settled a defamation lawsuit with Smartmatic. In February, the company raised an additional $225 million through a private offering of preferred shares. Newsmax is listed on the New York Stock Exchange under the ticker symbol "NMAX."