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Conservative news channel Newsmax spikes more than 500% in first trading day on NYSE
ICEIntercontinental Exchange(ICE) CNBC·2025-04-01 01:01

Newsmax went public on the New York Stock Exchange on Monday, as the conservative cable news network audience has grown after the election of President Donald Trump and other right-wing politicians. The network began trading under the symbol "NMAX" late Monday morning, opening at 14ashareafterpricingat14 a share after pricing at 10 a share. It soared more than 500% by midday in volatile trading. Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention (RNC) on Ju ...