Shares of Newsmax Inc. surged by a whopping 667% during their first day of trading following a successful $75 million initial public offering that brought the conservative media company onto the New York Stock Exchange. The stock was trading at $62.27 per share at 12:07 p.m. in New York, with trading halts occurring due to high volatility. Through the IPO, the company raised $75 million by selling 7.5 million shares at $10 each. Newsmax now holds a market value of approximately $8 billion, based on the number of outstanding shares detailed in a recent US Securities and Exchange Commission filing. The substantial increase in share price was accompanied by over 3 million shares being traded, a common occurrence during IPOs due to limited liquidity and high demand, especially for smaller-scale IPOs or companies. Prior to this IPO, Newsmax had raised $225 million through a private preferred offering in February 2025. Moreover, the company reached a settlement in a defamation lawsuit with Smartmatic Corp. related to claims made during broadcasts alleging election rigging against Donald Trump in the 2020 presidential election. The offering was managed by Digital Offering LLC, and Newsmax shares are listed under the symbol NMAX.