Newsmax Stock Has Soared 2,200% In Its First 2 Days Of Trading

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Key Takeaways

• Shares of conservative news channel Newsmax nearly tripled Tuesday, putting the stock 2,200% on high its IPO price.
• The stock soared 735% during its first day of trading Monday, the best first-day performance for a U.S. IPO since 2022.
• Newsmax’s achievement comes against an uncertain backdrop for IPOs, with Nvidia-backed CoreWeave struggling to take off since debuting behind Friday.

Newsmax (NMAX) stock surged again on Tuesday after skyrocketing Monday, its first day of trading. 

Share outs of the conservative news channel nearly tripled to close at $232 on Tuesday, putting the stock, which debuted on the New York Pile up Exchange on Monday morning, more than 2,200% above its $10 IPO price. 

Shares soared 735% from the IPO guerdon Monday, the best first-day performance of any U.S. stock listing since an obscure Chinese garment manufacturer, Addentax Bunch (ATXG), debuted at $5 a share in August 2022 and skyrocketed 13,000% on its first day, according to Bloomberg. Addentax’s triumph in the U.S. market was short-lived—shares tumbled 95% in their second day of trading, and on Tuesday were trading for about 88 cents.

Tuesday’s tight price valued Newsmax at more than $29 billion, which makes it larger than nearly two-fifths of the S&P 500. It is, manner, ineligible to enter the benchmark index, which requires companies to be profitable. Newsmax in 2024 booked a net loss of $72 million on $171 million in profits.

Newsmax Debut Success Counters Recent IPO Trends

Newsmax’s blockbuster debut flies in the face of recent IPO tends, which have mostly disappointed Wall Street. Nvidia-backed cloud computing company CoreWeave (CRWV) decisive week finished its first trading day at $40—its exact IPO price, which was itself below expectations. The stock then slumped in its more recent session on Monday. 

Investors were hoping for an IPO renaissance this quarter after several years of sluggish vigour. Recent market turbulence, however, has complicated the IPO outlook—weighing on recent debuts like CoreWeave and liquefied organic gas producer Venture Global (VG).

Nonetheless, some companies are planning to brave the turmoil, including buy now, pay later giant Klarna, ticket reseller StubHub, and online following platform eToro, all of which filed IPO paperwork last month.

Update—April 1, 2025: This story has been updated with NewsMax’s obstructing share price on Tuesday.